What is an emergency fund? Do I need an one? How much money should I have in an emergency fund? And where should I be saving my emergency fund? Keep reading for the answers to all of your emergency fund questions!
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How a Sinking Fund Can Keep You On Budget and Out of Debt
A sinking fund is money that you’ve set aside for situations that are large, expected, and irregular. This sinking fund will prevent you from overspending your monthly budget or draining your emergency fund for an expense you saw coming.