Are foundation cracks normal? How much will repairs cost? Will my insurance cover foundation damage? Luckily, there are ways to repair a concrete foundation without having to tear it out and start from scratch. If you suspect trouble, do the following: ...
This can be a great setup, but depending on your bank, it may be a little complicated to get just right. Instead of having 24 different sinking fund accounts for all your savings goals and financial goals, we set ours up in YNAB which gives an all-in-one view that feels a whole lot...
How to Defeat a Sinking MarketGreg Guenthner
A sinking fund is a fixed amount of money you save each month to prepare for a non-monthly expense like car repairs, home maintenance, or a twice-a-year insurance payment. (Side note: Sinking Fund would also be a great name for a boat. I might add that as a wish farm goal.) ...
Congrats! You’ve got your very own sinking fund. Now you just need to make sure you transfer that amount to your savings account for the month andtrack it in your budgeteach time you add money to the fund. (You can even add a due date if you need a reminder each month.) ...
Bathroom remodel Furnace repair In other words, a sinking fund may help you avoid using a credit card, while an emergency fund may help you avoid taking out an emergency loan. How sinking funds could help you avoid debt Sinking funds help you avoid debt by setting aside money for known exp...
Sometimes, these budgeting categories are called “sinking funds”. Essentially, this is a savings account where you set aside money each month for a one-time or irregular expense. Did you know? Budgeting may be a good time to review your credit card to find rewards better aligned with your...
Maybe you travel to your in-laws’ for the holidays only every other year, so you don’t need to put any money in the travel category this year. Perhaps an unexpected home repair means you’ll need to cut down on your gift list to avoid debt. Keep unfunded categories as placeholders ...
When Ramsey and her family eventually returned to Lake Charles, they learned their home insurance company had declared bankruptcy; the policy she had paid into was null and void. Without that assistance, Ramsey has not been able to repair their home to livability. She also couldn’t afford to...
Go to your local junkyard. Every town has one. Either Google it or ask your local dealer or repair shop. Beware of junkyard dogs. It's best to check with the owner first as he may want to show you where the safest cars are on the lot to practice with a window punch. Might be a...