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What is a Sinking Fund and Why Do You Need One?

When it comes to personal finance, you may have heard about the importance of having an emergency Fund. But have you ever heard of a sinking fund? Having an emergency fund in place will help cover unexpected costs. For example, maybe you’ll  lose your job, need a car repair or face a significant medical bill. That’s […]

The post What is a Sinking Fund and Why Do You Need One? appeared first on Well Kept Wallet.



This post first appeared on Well Kept Wallet With Deacon Hayes, please read the originial post: here

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What is a Sinking Fund and Why Do You Need One?

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