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Saving for Large Expenses, a Little Bit at a Time




Sinking Fund: n. a fund formed by periodically setting aside money for the gradual repayment of a debt or replacement of a wasting asset.


Sinking funds are a great way to save for expenses that don’t occur every month, but you know will occur sometime in the future. By saving over time, you’re less likely to need to use a credit card when they come up.


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