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What Are Sinking Funds and How Should You Use Them? Sinking Piggy Bank Full of Money Budgeting

What Are Sinking Funds and How Should You Use Them?

Sinking funds are an often-overlooked personal finance concept. However, they can really help you stay on track and avoid budget overruns. The basic premise is simple. Every month you “sink” a little bit of extra money into a specific budgeting category. It could be transportation, planned purchases, personal entertainment, or vacations/holidays. Then, if a rare […]

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5 minute read

Common Investing Terms That Everyone Should Know Investing Terms Word Cloud Investing

Common Investing Terms That Everyone Should Know

Being financially literate is important these days. Most of us have some, if not full, responsibility for our eventual retirement. Successfully preparing, investing, and managing your money for that day requires a degree of know-how. Gaining the necessary knowledge starts with understanding basic investing terms. You know, the ones that are commonly used. You’ll hear […]

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7 minute read