Sinking Funds Tracker

How to use a sinking funds tracker to stop living paycheck-to-paycheck?

A sinking fund helps you turn a big, stressful bill into a smaller, manageable monthly deposit. Here's how you can use our column-based log to take control of your irregular expenses:

• Categorize your goals by using each column for a specific purpose, like 'Car Maintenance', 'Christmas', or 'Vacation'. Write your target amount at the top of each column so you know what you're working toward.
• Log every deposit by recording the date and amount each time you add money to your savings. This lets you track your progress as you go and helps you stay on track.
• Figure out your monthly minimum by dividing the total cost of the bill by the number of months until it’s due. Try to save that amount each month so that when the bill comes, you already have the funds set aside.

More Money Saving Templates

• Find the 'extra' cash for your funds. Use our Monthly Budget Planner to see where you can trim expenses.
• Don't confuse sinking funds with emergencies. Use our $1,000 Emergency Fund Tracker for the truly unexpected moments.
• Success is built daily. Use our Daily Routine Checklist to remind yourself to check your bank balances and log your savings.