![]() You can keep sinking funds for your quarterly bills and save for Christmas as well!Īny extra money you can find in this budget will first go towards saving $1,000 for a starter emergency fund, and once you have that completed, it will go towards paying off all your debt (except for your mortgage) as quickly as possible. Total all your expenses except for the extras and subtract that from your total monthly income.Īnything left will go towards your “extra expenses” or any sinking funds you create.Ī sinking fund is putting money aside each month to save towards a specific goal.įor example, transfer a certain amount each month to your savings account, so you can pay your car insurance when it comes due. ![]() Necessities: Mortgage or rent, electric, gas, water, food, transportation, insurance, etc.ĭebts: You already have these from your worksheet list the minimum payments here.Įxtra Expenses: Now you can list all the extras, anything else that you have to (or would like to purchase)
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |