3 Comments

Loved this! We've taken this approach with a few future costs (e.g., replacing a car in 5 years), but not with others (replacing flooring). I enjoyed learning from this set of experiences, and it serves as a great conversation starter to review our budget and future forecasting.

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This is awesome, thank you for sharing. My husband and I built a budgeting app together and included sinking fund categories so we can see what future purchases we’re saving for each month. Keeping sinking funds in mind has really helped us plan for our future!

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Did this to survive a tax problem many years ago. Kept doing it when the problem was solved, and it changed my life as well -- control, peace, visibility, early retirement, and ultimately sustainable wealth. Thanks for putting it in words.

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