Sinking Fund vs. Emergency Fund

Sinking Fund vs. Emergency Fund

A Sinking fund is a way to save up for large expenses. An Emergency fund is for unexpected expenses. What is the more detailed differences of sinking vs. emergency funds? Lets start with a Sinking Fund. This fund is an account which you create to save for a specific...
Sinking Fund vs. Emergency Fund

Make a Money Plan Ahead of Time

Each month make your money plan (budget) ahead of time.  Write it out on paper or use a budgeting app/website.  Give every dollar a place to go.  Create categories, buckets, envelopes, what ever you chose to call them, but make them and divide the...