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30: The Power of a Good Budget

Money Feels

CHAPTER

How to Set Up a Sinking Fund

"I like the idea of this is an easier way to prep your sinking funds for the year without it being like a big task," she said. "It just sounds so simple when you lay it out this way instead of sitting down in January and trying to decide all of these accounts you're gonna need, which is what I feel like overwhelms people with sinking funds." She also set up a slash fund that gives her extra money if she goes over budget.

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