It won’t matter where you are keeping your money for your sinking funds. This will keep your budget and sinking funds aligned so you can track your progress every month. Then at the end of the month, you will finalize it. Add all of your sinking funds to your monthly budget forms and fill it out appropriately.Īs the month goes on, you will update your sinking funds tracking sheet. Your Monthly Budget will be filled out, the areas circled in red are likely sinking funds you may have. You will have one of these sheets per month to add on to your monthly budget sheets.Įvery month you will fill out your sheet that will also coincide with your monthly budget. What the new total is for the fund after the month is over (“ End of Month”).How much is spent from the fund for the month (“ –”).How much is added to the fund for the month (“ +”).How much is in the fund at the beginning of the month (“ Starting $”).Once you have that in place, you can also start tracking your sinking fund progress every month.Įither using a piece of paper or our FREE sinking fund tracking sheet (you can download below), you will need to make a column for each of these: You will put every fund under the appropriate category.ĭOWNLOAD OUR FREE MONTHLY BUDGET FORMS TO HAVE A CUTE HANDWRITTEN BUDGET! GET THEM INSTANTLY WHEN YOU SIGN UP BELOW! Your sinking funds will then need to be added to your budget. If you are serious about using sinking funds to eliminate the stress of those infrequent expected expenses sabotaging your budget, you should definitely be using a monthly budget. How much you need to save per month to have your fund completed in time.How many months you have until the fund will be needed.The total amount you will need when the expense comes up.When you decide what your sinking funds will be, you will then figure out: You do not have to have the download for this to be successful. You can find that at the bottom of this post. I recommend downloading our super helpful (& FREE) Sinking Funds Tracking Sheet to follow step-by-step every month. Now, if you are all set with your sinking funds, meaning you know what they are, you have your categories ready, and you know exactly how much you need to save each month, it is time to get rolling!! If you are thinking, “What is this girl talking about?!” Then you need to start with: 5 Reasons You Need Sinking Funds 13 Sinking Funds Categories You Need in Your Budget How to Effectively Use Sinking Funds Guess, what?! There is a super easy (and fun!) way to keep track of your sinking funds to ensure you are just killing it month after month. Now, what? How do you track sinking funds to make sure you are making progress and staying on target? If there’s something that you would like to use but don’t see drop me a comment and let me know.So, you have heard all the buzz about sinking funds and you have decided to start using them. This layout would be great for things that you only do on certain days of the week… and if want to see an overall list of what you need to accomplish!įor other simple and useful printables, check out my Etsy shop. The second version allows you to create a routine for the entire week. This is perfect if you are the type of person who likes to stay on top of daily chores and tasks! Weekly Routine Tracker The daily version allows you to track tasks to complete when you first wake up, an afternoon routine, and nighttime tasks as well. Here are the free printables: Daily Routine Tracker
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