Foundations in Personal Finance High School EditionC HAP T E R 2Sinking Fund FormA (item)B ($ needed)C (# of months)D ($ amount budgeted)Homecoming150$9 months16 dollarsClub duesSport fees500$7 months71 dollarsChristmas350$11 months31 dollarsValentine’s Day80$1 month80 dollarsSpring Break250$2 months125 dollarsAnniversaryProm200$5 months40 dollarsOther (family vacation)200$6 months33 dollarsDirections:1.In column A (item) you list the common, large expenses for which you need to plan. If you have an upcomingexpense that is not listed, fill it in as Other.2.For the items that apply to you, write how much money you will need for that expense in column B (needed).Then, calculate how many months you have to save for that item, and write that in column C (# of months).For example: It is January and you want to have $120 spending money saved for your family vacation in July.
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Finance, Want, If You Have to Ask, SAVE, family vacation