51: Sinking Funds

<p>Sinking Funds are one of my favorite financial tools you can use to take your finances to the next level as they are smaller pools of money that you save up gradually over time for larger expenses you know are coming your way. When you utilize sinking funds as part of your overall financial strategy you are being proactive rather than reactive. You are doing what is in the financial best interest of your future self instead of doing what feels good in the moment. You’re gaining control over your money instead of your money gaining control over you. They are the ultimate tool in eliminating surprises and frustration with your finances.</p> <p>In the episode of <em>The Money Love Podcast</em>, we are diving deep into the topic of sinking funds: what they are, the benefits of having them, how to identify which sinking funds you need, how to determine how much to contribute to each, and lastly, how to keep them organized and manage them practically day-to-day. If you’re wanting to start and manage sinking funds within your financial plan this is the episode for you. Enjoy!</p> <p> </p> <p>Connect further with Paige:</p> <p>Social:</p> <p>Website: <a href= "https://www.paigepritchard.com/">https://www.paigepritchard.com</a> </p> <p>IG: @paigelpritchard</p> <p><a href= "https://www.youtube.com/c/PAIGEPRITCHARD?sub_confirmation=1">Subscribe to the YouTube Channel</a></p> <p> </p> <p>Courses:</p> <p><a href= "https://view.flodesk.com/pages/5ff8bd27aff231cf1b5adbfd">Join the waitlist for Money Love</a></p> <p> </p> <p>Coaching:</p> <p><a href= "https://calendly.com/paigepritchard/coachingconsultation" target= "_blank" rel="noopener">Explore 1:1 Private Coaching</a></p> <p>Paige is a Certified Life Coach through The Life Coach School. Her mission is to educate and inspire driven, high-achieving women to KNOW, GROW, and LOVE their money through changing their relationship with money.</p> <p>Use the link above to schedule a consultation to work with Paige 1:1.</p>