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Free printable expense tracker5/11/2023 ![]() What the new total is for the fund after the month is over (“ End of Month”).How much is spent from the fund for the month (“ –”).How much is added to the fund for the month (“ +”). ![]() How much is in the fund at the beginning of the month (“ Starting $”).Once you have that in place, you can also start tracking your sinking fund progress every month.Įither using a piece of paper or our FREE sinking fund tracking sheet (you can download below), you will need to make a column for each of these: You will put every fund under the appropriate category.ĭOWNLOAD OUR FREE MONTHLY BUDGET FORMS TO HAVE A CUTE HANDWRITTEN BUDGET! GET THEM INSTANTLY WHEN YOU SIGN UP BELOW! Your sinking funds will then need to be added to your budget. If you are serious about using sinking funds to eliminate the stress of those infrequent expected expenses sabotaging your budget, you should definitely be using a monthly budget. How much you need to save per month to have your fund completed in time.How many months you have until the fund will be needed.The total amount you will need when the expense comes up.When you decide what your sinking funds will be, you will then figure out: You do not have to have the download for this to be successful. You can find that at the bottom of this post. I recommend downloading our super helpful (& FREE) Sinking Funds Tracking Sheet to follow step-by-step every month. Now, if you are all set with your sinking funds, meaning you know what they are, you have your categories ready, and you know exactly how much you need to save each month, it is time to get rolling!! If you are thinking, “What is this girl talking about?!” Then you need to start with: 5 Reasons You Need Sinking Funds 13 Sinking Funds Categories You Need in Your Budget How to Effectively Use Sinking Funds Guess, what?! There is a super easy (and fun!) way to keep track of your sinking funds to ensure you are just killing it month after month. Now, what? How do you track sinking funds to make sure you are making progress and staying on target? So, you have heard all the buzz about sinking funds and you have decided to start using them.
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