FMOOD 0038: The Sinking Fund

Today I'm going to be talking about the sinking fund. I'll talk about what it is and how we can use it to better our budgeting processes. If a sinking fund sounds a little intimidating, you'll want to tune in to this episode to learn more. A sinking fund can help you with saving for Christmas, paying for your auto insurance, paying for taxes, and any other expected large amount that you'll need to pay in any given year. The sinking fund can even help you to better plan for your vacation without using a credit card! Paying cash for a vacation makes it a true vacation since you're not preoccupied the entire time with how you'll need to pay off the vacation when you get back.   If you liked this show so far, please take a minute to subscribe to the show, rate it, and leave a review. Your positive and kind words are always appreciated.   Visit the http://followmeoutofdebt.com website to read my blog and get my latest status updates on my personal journey out of debt and into prosperity!

Om Podcasten

The Follow Me Out of Debt podcast is an easily-digestible show that's a unique peek into Tom's personal strategies that will show you what works (and what doesn't) to get out of debt and get into prosperity. This isn't your typical get-out-of-debt show like others you may have heard before from other well-known authors and show hosts, including Dave Ramsey, Clark Howard, and others. Instead, Tom is taking only the best and most recent and relevant information that's out there and distilling this into his own exclusive brand of successful and time-tested strategies that will help you to get out of debt and get into prosperity.