Comments on: Sinking Fund Eases Strain Of Annual Expenses http://frugaldad.com/2009/03/21/sinking-fund-eases-strain-of-annual-expenses/ Money Saving Insights: Coupons, Smart Spending and Promotional Codes Mon, 13 Feb 2012 05:38:35 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Ten Reasons Why Budgets Fail http://frugaldad.com/2009/03/21/sinking-fund-eases-strain-of-annual-expenses/#comment-47161 Ten Reasons Why Budgets Fail Fri, 05 Nov 2010 19:55:47 +0000 http://frugaldad.com/?p=2048#comment-47161 [...] to average out and account for these when creating a budget that won’t crack. Read about using a sinking fund at the Frugal [...] [...] to average out and account for these when creating a budget that won’t crack. Read about using a sinking fund at the Frugal [...]

]]> By: Borrowing Money is the Same As Buying Risk http://frugaldad.com/2009/03/21/sinking-fund-eases-strain-of-annual-expenses/#comment-46461 Borrowing Money is the Same As Buying Risk Wed, 13 Oct 2010 20:02:57 +0000 http://frugaldad.com/?p=2048#comment-46461 [...] suggest saving in sinking funds and targeted savings accounts for these types of events. We maintain savings accounts dedicated to [...] [...] suggest saving in sinking funds and targeted savings accounts for these types of events. We maintain savings accounts dedicated to [...]

]]> By: Sinking Fund | How To Create a Sinking Fund http://frugaldad.com/2009/03/21/sinking-fund-eases-strain-of-annual-expenses/#comment-45074 Sinking Fund | How To Create a Sinking Fund Tue, 07 Sep 2010 07:13:52 +0000 http://frugaldad.com/?p=2048#comment-45074 [...] Looking for more infomation on Sink Fund? Check out these posts from a couple of super personal finance bloggers. Both are out of debt and building a ton of wealth. Paul from FiscalGeek wrote about them in this post Sinking Funds: taking Budgeting to the Next Level FrugalDad also wrote one back last year called – Sinking Fund Eases Strain Of Annual Expenses [...] [...] Looking for more infomation on Sink Fund? Check out these posts from a couple of super personal finance bloggers. Both are out of debt and building a ton of wealth. Paul from FiscalGeek wrote about them in this post Sinking Funds: taking Budgeting to the Next Level FrugalDad also wrote one back last year called – Sinking Fund Eases Strain Of Annual Expenses [...]

]]> By: Calculating Net Worth: Should Home Values Be Included? http://frugaldad.com/2009/03/21/sinking-fund-eases-strain-of-annual-expenses/#comment-44287 Calculating Net Worth: Should Home Values Be Included? Wed, 18 Aug 2010 12:57:50 +0000 http://frugaldad.com/?p=2048#comment-44287 [...] and cash-based accounts such as our emergency fund, goal-oriented accounts at Smarty Pig, and other sinking funds, but would not include “hard assets” like cars and [...] [...] and cash-based accounts such as our emergency fund, goal-oriented accounts at Smarty Pig, and other sinking funds, but would not include “hard assets” like cars and [...]

]]> By: Find the Best Interest Rates on Savings http://frugaldad.com/2009/03/21/sinking-fund-eases-strain-of-annual-expenses/#comment-41553 Find the Best Interest Rates on Savings Sat, 22 May 2010 09:01:19 +0000 http://frugaldad.com/?p=2048#comment-41553 [...] still have a number of sinking funds at ING Direct. They are not earning a lot of interest, but I’ve yet to find an easier interface to navigate [...] [...] still have a number of sinking funds at ING Direct. They are not earning a lot of interest, but I’ve yet to find an easier interface to navigate [...]

]]> By: Rainman DotCom http://frugaldad.com/2009/03/21/sinking-fund-eases-strain-of-annual-expenses/#comment-38129 Rainman DotCom Tue, 16 Feb 2010 15:34:06 +0000 http://frugaldad.com/?p=2048#comment-38129 Bunch of idiots. Just don't spend what you shouldn't be spending, Stupids. Then the $ will be sitting right there in the account that you use for writing checks, when you need it. Bunch of idiots. Just don’t spend what you shouldn’t be spending, Stupids. Then the $ will be sitting right there in the account that you use for writing checks, when you need it.

]]> By: Funny about Money http://frugaldad.com/2009/03/21/sinking-fund-eases-strain-of-annual-expenses/#comment-35270 Funny about Money Mon, 14 Dec 2009 16:32:27 +0000 http://frugaldad.com/?p=2048#comment-35270 Interesting! I didn't know there was a name for this habit. I always called it "the monthly set-aside." Once your mortgage is paid off, you have to come up with the money to pay the hefty annual property tax bill, plus the homeowner's insurance and the astonishing auto insurance and the annual hit for car registration. I put a single amount aside each month to cover all three of those costs. Interesting! I didn’t know there was a name for this habit. I always called it “the monthly set-aside.” Once your mortgage is paid off, you have to come up with the money to pay the hefty annual property tax bill, plus the homeowner’s insurance and the astonishing auto insurance and the annual hit for car registration. I put a single amount aside each month to cover all three of those costs.

]]> By: Best Personal Finance Practices of 2009 http://frugaldad.com/2009/03/21/sinking-fund-eases-strain-of-annual-expenses/#comment-35259 Best Personal Finance Practices of 2009 Mon, 14 Dec 2009 12:06:14 +0000 http://frugaldad.com/?p=2048#comment-35259 [...] a.k.a. Frugal Dad says: For us, the best practice was to use sinking funds to start saving for big, annual expenses. We’ve talked about doing this for a couple years, [...] [...] a.k.a. Frugal Dad says: For us, the best practice was to use sinking funds to start saving for big, annual expenses. We’ve talked about doing this for a couple years, [...]

]]> By: Getting Out Of Debt Rewards Plan | Frugal Dad http://frugaldad.com/2009/03/21/sinking-fund-eases-strain-of-annual-expenses/#comment-35091 Getting Out Of Debt Rewards Plan | Frugal Dad Wed, 09 Dec 2009 19:42:49 +0000 http://frugaldad.com/?p=2048#comment-35091 [...] want to do is celebrate paying off debt by charging a trip for the family to Six Flags. Instead, create a sinking fund in a dedicated checking or online savings account, and move some money out of each paycheck there [...] [...] want to do is celebrate paying off debt by charging a trip for the family to Six Flags. Instead, create a sinking fund in a dedicated checking or online savings account, and move some money out of each paycheck there [...]

]]> By: YYC27 http://frugaldad.com/2009/03/21/sinking-fund-eases-strain-of-annual-expenses/#comment-28630 YYC27 Fri, 17 Jul 2009 16:15:16 +0000 http://frugaldad.com/?p=2048#comment-28630 This is a great post for people who have troubles budgetting for those big annual expenses. I do something similar. I don't have a separate account for it, though. I just keep track of it all in an excel spreadsheet. Every paycheck is allocated to various budgetted spending categories, or set aside for expected bills. As I spend the money, it's deducted from the allocated ammounts. I make sure my allocations always balance out with my account ballances. It's a pretty anal system, really, but the accounting student inside me loves it .. heh. I also find budgeting for things bi-weekly, as paychecks come in, keeps me honest during those two three-paycheck months a year. Instead of blowing the third paycheck on beer and popcorn, my regular ammounts for bills, etc., are still allocated out. This is a great post for people who have troubles budgetting for those big annual expenses.

I do something similar. I don’t have a separate account for it, though. I just keep track of it all in an excel spreadsheet. Every paycheck is allocated to various budgetted spending categories, or set aside for expected bills. As I spend the money, it’s deducted from the allocated ammounts. I make sure my allocations always balance out with my account ballances. It’s a pretty anal system, really, but the accounting student inside me loves it .. heh.

I also find budgeting for things bi-weekly, as paychecks come in, keeps me honest during those two three-paycheck months a year. Instead of blowing the third paycheck on beer and popcorn, my regular ammounts for bills, etc., are still allocated out.

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