How do sinking funds work

Part of growing wealth is proper goal setting. ¿Goal como en fútbol? ⚽️

Nope, life goals. Let’s say you want to own a car or buy your own casa. Those are pretty major costs.💰

But you need the money to make that happen. How do you get it? Consider starting a sinking fund. Sinking que???

A sinking fund is an account you create for saving money for large expenses. It’s like a “rainy day fund.” By planning for these larger expenses you focus on getting exactly what you want or need by saving before you spend. 💸💸💸

You need a new fridge. Y es carito? So you put aside money each pay period to get the money for your dream fridge.

Wealth is all about learning the finance game. ¿Como fútbol? Claro que si! With your sinking fund, each month becomes a goal you make so you can win in the finance game of life.🏅