Money

Budgeting 101: Start a Sinking Fund with These Easy Steps

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2 years ago

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Do you wish you had more money set aside? Not a rainy day fund for unexpected expenses but something that could cushion the financial stress of a major life event.

When Nora Martin was expecting her first child, she wasn’t going to let all the many baby costs bring her down. She had a plan.

“I pretty much wrote up everything that we needed… and then split up the total over six months to see how much we would have to save each month to get to our goal,” Martin said.

This practice of splitting a large financial goal into

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