Sinking Funds are totally new to me and very exciting! After going through my spending habits I realized how important it is for me to have money saved for Labor Day and Black Friday sales since that is when I buy all of my gifts and the things on my personal wish list. Just hit my first milestone on my emergency fund. Looking for a cute name for my shopping habit sinking fund🏁
Definitely setting up sinking funds and more in the 2020 year. This video gave me some ideas and possible funds I can create based on where we spend. Thanks!!
Excellent video, I started my sinking fund journey just mid 2019 and the 8 I have are in 2 high yielding online savings accounts as well, which has helped me with my budget.
Good video, but just a small correction. Dave Ramsy recommends $1,000 in the emergency fund to start, then pay off your debt. After that, build 3-6 months of an emergency fund (well over $1,000)
Sinking Funds are totally new to me and very exciting! After going through my spending habits I realized how important it is for me to have money saved for Labor Day and Black Friday sales since that is when I buy all of my gifts and the things on my personal wish list. Just hit my first milestone on my emergency fund. Looking for a cute name for my shopping habit sinking fund🏁
Definitely setting up sinking funds and more in the 2020 year. This video gave me some ideas and possible funds I can create based on where we spend. Thanks!!
Yay! So exciting. Thank you for watching 😊
I have never heard of Sinking Funds, I always have a savings fund for something. This was new terminology for me.
It was a new term to me as well a couple of years ago, but really it's the same thing as a savings for something specific!
Very nice video, Leila! And great looking channel in general! ✌
I am definitely contemplating making some sinking funds
If you have room in your budget then yes!! They're the best.
What steps would be needed setting up at six in front of insurance is involved as far as like medical and dental
So informative. Thank you!
You're welcome! Thank you for watching! 😊
Excellent video, I started my sinking fund journey just mid 2019 and the 8 I have are in 2 high yielding online savings accounts as well, which has helped me with my budget.
Yes that's awesome! Thank you so much 😊
Good video, but just a small correction. Dave Ramsy recommends $1,000 in the emergency fund to start, then pay off your debt. After that, build 3-6 months of an emergency fund (well over $1,000)
All of my funds are sinking 😂
Lol noo! Speak positively of your money 😊
Hi. Very informative video. Could you provide a link to the savings account ? Thank you.
Thank you! 😊 And here it is: www.marcus.com/us/en
Thank you!
@@PersonalFinancewithLeilahi Leila, just discovered your channel 😊 Is this still the HYSA you recommend today? Thank you!
I have a global sinking fund saving account. It is easier to handle but you have to be disciplined.