Sinking Fund
A sinking fund is money you set aside a little at a time for a known future expense — holidays, car repairs, insurance premiums, a vacation. By saving ahead in small amounts, you turn irregular big bills into manageable monthly deposits and avoid reaching for a credit card.
It's different from an emergency fund, which is for the unexpected; a sinking fund is for the expected-but-irregular. Keeping several small sinking funds — often as separate savings sub-accounts — is a hallmark of a budget that rarely gets ambushed.
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Savings Goal Calculator
Two answers for any savings goal: the monthly deposit that hits your target on time, and when you'd get there at your current saving pace.
50/30/20 Budget Calculator
Split your after-tax income the 50/30/20 way — needs, wants, savings — with monthly dollar targets and the yearly savings it produces.