We all have expected, yet non-immediate expenses that seem to creep up and rob our emergency fund, and financial peace. When following the seven baby steps to financial stability, funding a sinking fund is recommended while simultaneously working on steps four through seven. Creating this fund will add another layer of financial security to cover known yet usually unplanned expenses.   Sinking Fund money set aside to cover expected, yet not immediate needs; can also be used for unforeseen needs (like a garage door repair!) A sinking fund will cover expenses like appliance repair and replacement, car replacement, major house […]