Budgeting for Sinking Funds.
Sinking funds allow you to have money when you need it because you set it aside when you get it. For instance, excise tax — it arrives yearly and it’s terrible — if your state doesn’t have it you’re so lucky. Years ago when that bill would arrive (and we had 2 new cars so the bills together would be roughly $1,000) Sean and I would just stare at each other.
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