A sinking fund is an amount of money you set aside regularly for debt or planned expenses (like a home repair or summer camp for the kids.) Creating a sinking fund helps you avoid dipping into your emergency funds or savings account.

A sinking fund is an amount of money you set aside regularly for debt or planned expenses (like a home repair or summer camp for the kids.) Creating a sinking fund helps you avoid dipping into your emergency funds or savings account.

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