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23 | What Is A Sinking Fund And Do You Need One? Or Five? Tips On How To Save Money

23 | What Is A Sinking Fund And Do You Need One? Or Five? Tips On How To Save Money

FromFinancial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans


23 | What Is A Sinking Fund And Do You Need One? Or Five? Tips On How To Save Money

FromFinancial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans

ratings:
Length:
24 minutes
Released:
Feb 7, 2022
Format:
Podcast episode

Description

If you’ve ever had months where it seems like every piper has come to be paid, this is the tool for you! Sinking funds will help you to alleviate those months where it seems like the property taxes are due and two birthdays are coming up and for some reason it’s also the month Amazon Prime renews. Gross! 
In this episode we cover: 
✔️ What a sinking fund is 
✔️ Why you need a sinking fund 
✔️ Examples of FUN sinking funds (saving for vacation) 
✔️ Examples of regular ol’ adulting sinking funds (car maintenance) 
✔️ How to brainstorm, plan and budget your unique savings goals with sinking funds Where to put your money when you’re saving it whether you’re new or disciplined with budgeting.
 This episode is available as a blog post and your amazing sinking fund planner is available at the link below: https://myidealbalance.com/2020/09/09/what-is-a-sinking-fund-and-do-you-need-one-or-five/ 
Website - > www.myidealbalance.com
Connect - > info@myidealbalance.com
**If you’d like more help, we’d love to work together ****
Option 1: Grab our free guided life coaching session - > https://myidealbalance.com/guidedsession
Option 2: Join our newsletter - > ck.myidealbalance.com/newsletter
Option 3: Schedule on a free call to see if we should work together! - > https://calendly.com/myidealbalance/level-10-life-strategy-call

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Send in a voice message: https://podcasters.spotify.com/pod/show/idealbalance/message
Released:
Feb 7, 2022
Format:
Podcast episode

Titles in the series (100)

Even high-achieving, Jesus-following moms need help organizing their finances. We want to help you learn how to budget, how to get out of debt & how to save money. We do this through 1-on-1 coaching where we teach you how to stop stressing about money & install systems that automate your finances. Once you have these money systems, you’ll be able to live debt-free, build wealth & achieve financial freedom. Join us to ditch the bad money habits & take control of your financial future. Shana & Vanessa are best friends, business partners and Ramsey Solutions Master Financial Coaches.