sinking_fund_form - Sinking Fund Form A(item Homecoming...

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Sinking Fund Form A (item) B ($ needed) C (# of months) D ($ amount budgeted) Homecoming $50.00 3 $17.00 Concerts $100.00 1 $100.00 Gym Fee $65.00 1 $65.00 School shopping $200.00 4 $50.00 Car Add On's $500.00 6 $84.00 Casino Cruise $100.00 2 $50.00 Barber License $2,500.00 12 $209.00 Directions: 1. In column A (item) you list the common, large expenses for which you need to plan. If you have an upcoming expense 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. Between January and July there are six months so, you have six months to save. 3. For each item, divide the "needed" amount by the "# of months" in which you have to save. Write that number in column D (budget). For example: For your spending money for family vacation, $120 divided by six months is $20 a month. That is
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