Saving
What Is a Sinking Fund and How Do You Create One?
Saving up for something big? Sinking funds help you pay cash for anything and everything. Find out how to make one!
Rachel Cruze
Today's Task:
Withdraw $20 cash from your bank and put it in an envelope for later.
Yesterday, you set aside a little money to help others. Today, I want you to do the same thing for yourself!
What’s it for? Well, you’ll just have to wait and find out!
Put the envelope in a drawer or somewhere out of sight and leave it alone. We’ll come back to it in a few days. In the meantime, keep tracking any purchases you make in your EveryDollar budget. That’s it for now!
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Rachel Cruze
Budgeting
How to Budget With the Cash Envelope System
Learn how the cash envelope system (aka cash stuffing) helps you budget with cash, stop overspending, and take control of your money—one envelope at a time.
Rachel Cruze