A sinking fund is an efficient way to save money by setting aside a little bit each month in every category of your sinking funds . The term “sinking” likely refers to the decreasing level of debt remaining as it gets paid off. So every month you keep a note in your budget …
There are two kinds of spending leaks. The first is money you’re spending or overspending in a particular category that isn’t completely necessary. Food from delivery is a good example. There’s nothing wrong with going out on occasion, but ordering every day for lunch and a couple of nights per week is an excessive spending …