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424 | The Power of FI | Deanna

ChooseFI

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Car Funds - Is That How You Think About It?

Sally Kohn: You have these, I think people call them like sinking funds or something that might be the wrong terminology. But is that how you actually have a fund for either car payments, car repairs, future car? And I keep them in buckets. It helped me. She started doing this when she was paying off her debt and we still do it today. So yeah, setting them up automatically and kind of thinking about it ahead of time,. How much can we afford to set aside each month for these different funds and what are our goals.

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