sinking funds — the money habit that kills surprise expenses 💰 🎥 @smileycitrus (TikTok) #budgeting #sinkingfunds #moneytips
How to Set Up Sinking Funds
Her system for never being blindsided by big expenses — categories, monthly amounts, and where the money actually sits. By Ella Maegraith (@smileycitrus).
Money
Steps
- 1
Pick your sinking-fund categories — hers: travel, home, car expenses, emergency
- 2
Assign each fund a set monthly amount
- 3
Give every fund its own separate account so the money physically sits apart
- 4
Add to them every payday — small consistent amounts do the work