Скачать или смотреть How To Set Up a Sinking Fund

A sinking fund is a strategic way to save money by setting aside a little bit each month for a specific expense down the road. In this video, we explain how to set up a sinking fund in your EveryDollar budget.

✅ Steps to Create a Sinking Fund in EveryDollar:
• Click on the line item.
• Select “Fund” and then select "Make this a fund."
• Enter your current savings (if any) and set a target amount.
• Once created, a piggy bank icon will appear next to the fund in your budget.

✅ Using Your Sinking Fund
• Plan how much to save each month based on your goal deadline (ex: Christmas) or set an ongoing amount (ex: car maintenance).
• Your sinking fund balance updates as you add savings each month.



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📺 Watch Next:
→ Adding and Spending Money From a Sinking Fund
→ How to Connect Your Bank and Track Transactions in EveryDollar

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