How to Set Up Your 2020 Sinking Funds For Beginners!
Have you heard the term Sinking Funds but have no idea how it applies to you? Consider this video Sinking Funds for Beginners. You’ll learn what they are, why you need them, how much money to put in them, and where you should keep them.
After watching this video, you’ll have a clear understanding of Sinking Funds, and you’ll be ready for my next video which will tell you how to add Sinking Funds to your budget.
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In this video I will cover:
1. What are Sinking Funds? 00:51
2. Why Do You Need Sinking Funds? 01:06
3. What's the difference between Sinking Funds & Regular Savings? 01:58
4. What's the difference between a Sinking Fund and an Emergency Fund? 02:34
5. Types of Sinking Funds 04:08
6. How Much Money Should be in Your Sinking Fund? 07:51
7. Where Should You Keep your Sinking Funds? 09:04
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