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How to Set Up Your 2020 Sinking Funds - For Beginners! Have you heard the term Sinking Funds but have no idea how it applies to you? Consider this video Sinking Funds for Beginners. You’ll learn what they are, why you need them, how much money to put in them, and where you should keep them. After watching this video, you’ll have a clear understanding of Sinking Funds, and you’ll be ready for my next video which will tell you how to add Sinking Funds to your budget. Subscribe: http://bit.ly/2JWoJFP In this video I will cover: 1. What are Sinking Funds? - 00:51 2. Why Do You Need Sinking Funds? - 01:06 3. What's the difference between Sinking Funds & Regular Savings? - 01:58 4. What's the difference between a Sinking Fund and an Emergency Fund? - 02:34 5. Types of Sinking Funds - 04:08 6. How Much Money Should be in Your Sinking Fund? - 07:51 7. Where Should You Keep your Sinking Funds? - 09:04 SPECIAL BONUSES Free Sinking Fund Tracker: https://www.healthywealthyskinny.com/... ************************* Grab Your Sinking Fund Envelopes and Labels Here: Cash Envelopes - https://shop.healthywealthyskinny.com... Cash Envelope Stickers - https://shop.healthywealthyskinny.com... ************************* Disclaimer: Healthy Wealthy Skinny (Projects By Shawn LLC) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. ************************* FREE RESOURCES: HWS Finance Planner: http://bit.ly/2Hv6dlL Start Your Own Awesome Blog Free 5 Day Email Course: http://bit.ly/2Yc2uif HWS BLOG: https://www.healthywealthyskinny.com EQUIPMENT: Camera: https://amzn.to/2Wj8G6l Ring Light: https://amzn.to/2JoPfHu Microphone: https://amzn.to/2YGakAR TOOLS I USE: TubeBuddy (YouTube Channel Analytics): https://www.tubebuddy.com/HWS MorningFame (Get Your Videos to Rank): https://morningfa.me/invite/3dk95n0a ConvertKit (Build an Email List): https://mbsy.co/convertkit/41071243 SendOwl (Sell Your Digital Products): https://www.sendowl.com?r=276e5 SiteGround (Host Your Website/Blog): https://www.siteground.com/go/hws-you... Niche PLR (Get ready to use content): https://nichestarterpacks.com/amember... Ivory Mix (Stock Photos): https://Ivorymix.com/?wpam_id=214 STUFF I’M WEARING: Fitbit Charge 3: https://amzn.to/2Wcc7vi Apple Watch Series 3: https://amzn.to/2ufXjjz Boho Locs (Long Boho Queen Locs): http://i.refs.cc/IdUvGMBo FOLLOW ME: Pinterest: / skinnywealthy Instagram: / healthywealthyskinny Facebook: / shawnsjones FB Fan Page: / healthywealthyskinny Twitter: / skinnywealthy #HWS #sinkingfunds #budgeting #daveramsey #financialfreedom #NovemberBudget #howtobudget #2020budget #2020budgetplanner #budgetplanner