Sinking Funds Calculator: How Much to Save Each Month

Upcoming expenses

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Save each month

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Tips

A sinking fund is money you save ahead for a known expense, so it never lands on a credit card. Common ones: car insurance, registration, holidays, birthdays, back-to-school, vacations and annual subscriptions.

Questions

What is a sinking fund?

Money saved in small monthly amounts for an expense you know is coming, like insurance or holiday gifts.

How many sinking funds should I have?

Start with 3 to 5 for your biggest irregular bills, then add more as you go.