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Activity_Sinking_Fund_Savings.docx - NAME: DATE: Sinking...

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NAME:DATE:Sinking Fund SavingsHow do you eat an elephant? One bite at a time.After you have fully funded your emergency fund, you can start saving for other items. Throughout the year you’llusually have a few big expenses, such as an upcoming vacation, team or club dues, music or athletic equipment,and prom. These things can be budget busters if you don’t plan ahead. Use this form to break down those upcomingexpenses into bite-sized chunks for your monthly budget.Sinking Fund:Planning and saving money over time fora large purchaseITEMNEEDEDMONTHSBUDGET____________AB________________________C________________________D_____________________DirectionsStep 1The Item column (A) lists common big expenses that you might need to plan for. If you have an upcoming expensethat is not listed, fill it in as “Other.”Step 2For the items that apply to you, write how much money you’ll need for that expense in the needed column (B). Thenfigure out how many months you have to save up for that item, and write that in the Months column (C). For

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Term
Summer
Professor
Greg Yeager
Tags
Finance, Personal Finance High School

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