A sinking fund is money set aside each month for a known future expense. Families and small businesses use several at once.
Common sinking funds
- Insurance paid yearly or every six months.
- Car registration, repairs and tires.
- School costs and holidays.
- Property tax, if not in escrow.
- Truck maintenance and tags.
Track each one
Each fund has a target, a date and a monthly amount. Seeing them side by side keeps the plan honest.
Our sinking funds planner keeps them all in one list.
General information, not legal, tax or financial advice.
This article is general information, not legal, tax or regulatory advice. Rules change; confirm current requirements with the responsible agency or a licensed professional.
