Skip to main content

Reply to "Sinking Fund vs. Emergency Fund"

I have three different accounts: Emergency fund (oh crap, I didn't see that coming), sinking fund (this expense occurs in a fixed timeframe, such as routine car maintenance, auto insurance, homeowners insurance, etc), and bill payment/grocery account.

Car breakdowns are unexpected and are classified as an emergency, so they come out of the emergency fund.  My car needs tires, oil change, etc, comes out of the sinking fund.

Last edited by AnnieB
×
×
×
×