I live by sinking funds and use them for absolutely everything possible – I’m talking holidays, Christmas, birthdays, graduation, pre-planned events – you get it! They are honestly one of the most valuable budgeting tool out there. However, when you are starting out, understanding how to calculate your sinking fund goals can be hard. Enter this blog post!! What the hell is a Sinking Fund? A sinking fund is a budgeting tool that allows you to cash flow an expense, by putting money aside in advance. You essentially add money into a “pot” each month running up to when you need the money so when the time comes you have…