![]() ![]() Budgeting may help you save for future purchases while keeping track of what you are spending right now.īudget binders are often too expensive for people who don’t have a lot of extra cash lying around. ![]() When it comes to personal finance, one of the most significant factors to consider is budgeting. Tired of spending your hard-earned money on the same things over and over again? Pick out the sinking funds tracker free printable that gets you MOST motivated, and makes you feel most inspired to set aside the money you need for those periodic, higher-costing bills.Free printable budget binder with envelopes and other binder printables Extra school costs (field trips, uniforms, class photos, etc.).New baby (I saved up $5,000 in anticipation of after-insurance hospital costs for our little guy).Holiday spending (here are free Christmas budget printables).Annually and bi-annually paid bills (such as property taxes, bi-annual auto insurance payments, etc.).Just in case you need some sinking funds examples to use with these free printable sinking fund trackers, here you go: Let’s talk now about sinking fund examples that you can use with the free printable tracker above. Print one out for each individual fund you have, then color in as you fill up your envelope or savings account for your planned spending. Here’s a really fun, visual way to track your sinking funds. Use one of these sinking funds trackers (they’re all free!) to track each of your planned expenses. This is great and all, but how are you supposed to track your sinking fund – both how much you need to set aside each week/month, and how much you’ve already got towards the purchase? $109.33 each month (or about $27.33 per week) is a lot more doable, right? Since you have 6 months to go until it’s due, you would divide that six-month cost ($656) by 6, to find that you would need to set aside $109.33 each month in a sinking fund in order to be able to pay that auto insurance bill without touching your normal savings or emergency savings account (and without draining your whole budget for the particular month when that bill is due). $656 would be a lot to cover in that month’s budget, so you want to set aside some money each month to save for this planned expense. If you’re here looking for a free sinking fund tracker, then you likely already know what a sinking fund is.Ī sinking fund is a pot of money set aside for planned spending on a bill or need/want that costs above and beyond what your normal weekly, bi-weekly, or monthly budget can handle.įor example, you know your auto insurance bill ($656) is due once every six months. Like a summer full of summer camps, planned dental work not covered by insurance, or a bi-annual auto insurance payment.Īnd a good way to keep track of them? Is through a free printable sinking fund tracker.īefore we get into all of the sinking funds tracker free printables you could possibly want, let’s make sure we’re all on the same page about what a sinking fund actually is. ![]() ![]() Sinking funds can help with planned, unwieldy bills that are more than what you can afford to cover in a normal budget. ![]()
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