Sinking Funds Explained | How to Set Up Your 2023 Sinking Funds (Sinking Funds for Beginners)

In this video we discuss what a sinking fund is, how to set up a sinking fund, and using sinking funds to achieve your savings goals.
For long term sinking funds, try M1 Finance! ⇢ arvabelle.com/m1
• BROKERAGES •
⇢ Get $30 when you deposit $1000+ on M1 Finance: arvabelle.com/m1
⇢ Get a FREE stock with Robinhood: arvabelle.com/robinhood
⇢ Get a FREE stock slice up to $10 with Public: arvabelle.com/public
• ARVABELLE •
⇢ Blog: arvabelle.com/
⇢ Facebook: / arvabelle
⇢ Instagram: / arvabelle
⇢ Pinterest: / arvabelle
⇢ Twitter: / arvabelle
• SUZANNE •
⇢ Instagram: / heysuzymarie
• SHOP •
⇢ Etsy: www.etsy.com/shop/Arvabelle
• GEAR •
⇢ Camera: amzn.to/3jTba6L
⇢ Lens: amzn.to/3l5L7L7
⇢ Vertical Asus Screen: amzn.to/3cQniTs
⇢ Adobe Premiere for Editing: arvabelle.com/adobe
• TIMESTAMPS •
00:00 What Is a Sinking Fund?
00:51 Why is it called a sinking fund?
01:24 What can you use sinking funds for?
01:46 Examples of sinking funds
02:24 Sinking Fund vs. Savings Account
03:01 Sinking Fund vs. Emergency Fund
03:22 Benefits of Sinking Funds
04:49 How Many Sinking Funds Should I Have?
05:34 How much do I need to put in my sinking fund?
06:21 Where do I keep my sinking funds?
08:20 Budgeting with your sinking funds
DISCLAIMER: Please note that I am not a financial advisor, and this content is not professional advice. These videos are for entertainment/educational purposes only.
AFFILIATE DISCLOSURE: Some of the links on this channel and in video descriptions are affiliate links. At no additional cost to you, we receive a commission if a purchase is made after clicking the link.
#Arvabelle #SinkingFunds #SaveMoney

[@Arvabelle]

For long term sinking funds, try M1 Finance! ⇢ arvabelle.com/m1

[@millennialmoneyprogress]

Great video! I have a sinking fund for our future home down payment, travel, and gifts for the holidays. My emergency fund is also in a separate HYSA.

[@Arvabelle]

That's a great idea!

[@davelugo2610]

Great job 👏

[@Arvabelle]

Thanks!

[@the_mohawk]

Your videos are really helpful :)❤

[@moneybee]

Great video Arvabelle! It's so smart to think of the future and plan ahead for potential expenses! Fantastic video on an important topic!

[@Arvabelle]

Thanks so much! 😊

[@Magictricks378]

Nice 👍

[@jamesslaughter7859]

Thank you for showing us skills that are useful!

[@Arvabelle]

No problem 👍

[@noahgray496]

Nice video.....helped me alot

[@Arvabelle]

Glad it helped!

[@robione0550]

Do stocks still split and why do they do that?