The Sinking Funds page is where you add set-aside schedules for when you want to “save up” for something.
The Sinking Funds page is where you add set-aside schedules for when you want to “save up” for something.
There is no limit to the number of sinking funds that you create in the open budget space.
To add a sinking fund:
Click here to enlarge image
Income companion calculates:
The set-aside schedule is listed on the Sinking Funds page and automatically included in your Incredibly Cool Budget on the Look Ahead page.
The money that has been set aside in a sinking fund can be left in your checking account indefinitely. When you are ready to use part or all of a sinking fund, you can use these options on the Cash Reservoir page:
If the sinking fund is linked to a bill or credit card, the money in the sinking fund will automatically be used for scheduled payments.
