2010 Sinking Fund Challenge - Page 4
Page 4 of 9 FirstFirst 1234567 ... LastLast
Results 46 to 60 of 122
  1. #46
    Registered User
    Join Date
    Aug 2005
    Location
    Canadian prairies
    Posts
    16,430
    Post Thanks / WTG / Hug
    Blog Entries
    52
    Rep Power
    66

    Default

    Good idea to put extra money coming in that wasn't planned on towards sinking funds. I'll have to remember that!

  2. #47
    Moderator Ceashels's Avatar
    Join Date
    Apr 2007
    Location
    Baltimore, Md
    Posts
    4,028
    Post Thanks / WTG / Hug
    Blog Entries
    2
    Rep Power
    37

    Default

    Quote Originally Posted by mauimagic View Post
    Ceashells - I love your wording and idea ...."At least it will not be a vacation that follows us home." Great downchunking to be ready for your vacation too!!
    I wish I could take credit but it is a Dave Ramsey line. (His quotes tend to be used often in our home. lol)

  3. #48
    Registered User
    Join Date
    Aug 2005
    Location
    Canadian prairies
    Posts
    16,430
    Post Thanks / WTG / Hug
    Blog Entries
    52
    Rep Power
    66

    Default

    here too Ceashels. I was looking at the "Financial Peace" CDs on my bookshelf and thinking it might be time to have another listen...

  4. Remove Advertisements
    FrugalVillage.com
    Advertisements
     

  5. #49
    Registered User qsaver704's Avatar
    Join Date
    Oct 2008
    Location
    North Carolina
    Posts
    1,494
    Post Thanks / WTG / Hug
    Blog Entries
    9
    Rep Power
    15

    Default

    most years we spend our tax return. Wonder how much convincing it would take for me to get DH to save all/most of it......

  6. #50
    Moderator mauimagic's Avatar
    Join Date
    Mar 2009
    Location
    Maui, Hawaii
    Posts
    19,119
    Post Thanks / WTG / Hug
    Blog Entries
    57
    Rep Power
    119

    Default

    Mahalo Ceashells - It may be from DR, but you're smart enough to adopt it!!

    Qsaver - my first response to your question was "jsut do it!!" - okay - probably too flip, but you never know!! Please let us know what happens!!

  7. #51
    Registered User JoJoBean8's Avatar
    Join Date
    Feb 2009
    Location
    Philly burbs ( Delco)
    Posts
    235
    Post Thanks / WTG / Hug
    Rep Power
    12

    Default

    We just started a baby fund. It's in a separate account then my misc. fund. Should I add that here as well?

  8. #52
    Registered User qsaver704's Avatar
    Join Date
    Oct 2008
    Location
    North Carolina
    Posts
    1,494
    Post Thanks / WTG / Hug
    Blog Entries
    9
    Rep Power
    15

    Default

    Quote Originally Posted by JoJoBean8 View Post
    We just started a baby fund. It's in a separate account then my misc. fund. Should I add that here as well?
    baby fund is one of my sinking funds.

  9. #53
    Registered User
    Join Date
    Aug 2005
    Location
    Canadian prairies
    Posts
    16,430
    Post Thanks / WTG / Hug
    Blog Entries
    52
    Rep Power
    66

    Default

    I'd say a baby fund is part of sinking funds. It's a long term savings plan.

  10. #54
    Moderator mauimagic's Avatar
    Join Date
    Mar 2009
    Location
    Maui, Hawaii
    Posts
    19,119
    Post Thanks / WTG / Hug
    Blog Entries
    57
    Rep Power
    119

    Default

    I am just checking in to see what's new. On Monday I am going to make my first deposit to my sinking fund and am really excited!! It's an bank account I was going to close - has about $40 in it, instead I'll use that as a beginning stake to my sinking fund - a beginning bonus!!

  11. #55
    Registered User nic4549's Avatar
    Join Date
    Nov 2008
    Location
    Florida
    Age
    36
    Posts
    440
    Post Thanks / WTG / Hug
    Blog Entries
    39
    Rep Power
    12

    Default

    Quote Originally Posted by qsaver704 View Post
    most years we spend our tax return. Wonder how much convincing it would take for me to get DH to save all/most of it......
    We have always taken out tax returns and paid off debt with about 3/4 of it and save the other 1/4. We see it as extra money and a great time to get ahead. Without our tax returns, we would still be in a lot of debt and have virtually no savings. I think it is a wonderful idea to save at least 1/2 of your tax return. You will be thankful later. Trust me!!

  12. #56
    Registered User AP102209's Avatar
    Join Date
    Dec 2009
    Location
    Syracuse, NY
    Age
    35
    Posts
    479
    Post Thanks / WTG / Hug
    Rep Power
    13

    Default

    Mine will cover Christmas. Will be starting very slowly, as my main goal is my EF.

  13. #57
    Registered User qsaver704's Avatar
    Join Date
    Oct 2008
    Location
    North Carolina
    Posts
    1,494
    Post Thanks / WTG / Hug
    Blog Entries
    9
    Rep Power
    15

    Default

    Quote Originally Posted by nic4549 View Post
    We have always taken out tax returns and paid off debt with about 3/4 of it and save the other 1/4. We see it as extra money and a great time to get ahead. Without our tax returns, we would still be in a lot of debt and have virtually no savings. I think it is a wonderful idea to save at least 1/2 of your tax return. You will be thankful later. Trust me!!
    In the past we have done the same thing. This year we THANKFULLY don't have any debt. DH wants a TV (wanted at Christmas and I said no). We have money saved for this, though. I hope getting him the tv is good enough and we can save the rest (esp. since one of my sinking/planning funds is a baby fund!)

  14. #58
    Registered User
    Join Date
    Aug 2005
    Location
    Canadian prairies
    Posts
    16,430
    Post Thanks / WTG / Hug
    Blog Entries
    52
    Rep Power
    66

    Default

    I think DH is impressed with my new found interest in frugality. I normally have a little stitched journal I buy every month for a brief diary I keep...not much...just a recap of where I've been with who and, if interesting, what was discussed.

    I've decided this year not to buy the journal. It's gone up in price and is $6CAD/mth. Much cheaper just to put looseleaf pages in a binder and go for it.

    The only problem will be when we travel. I like the little notebooks because they easily fit in my luggage. Oh well...will just use them for that then...

    DH laughed at me and commented it wouldn't save me much. I told him $72CAD was $72 we didn't have the way I was going before! He just grinned.

  15. #59
    Registered User
    Join Date
    Apr 2009
    Location
    So. Cal
    Posts
    1,078
    Post Thanks / WTG / Hug
    Rep Power
    16

    Default

    Dh decided to add something else into the sinking funds.......besides painting the house and Christmas he wants to put in a whole house fan. It is pricey and probably won't happen this year! I know in the long run it will save us on our electric bill so eventually it will be worth it!

  16. #60
    Registered User
    Join Date
    Aug 2005
    Location
    Canadian prairies
    Posts
    16,430
    Post Thanks / WTG / Hug
    Blog Entries
    52
    Rep Power
    66

    Default

    I'm sorting through grocery receipts today to see how much I can cut back our food budget to transfer into our sinking fund.

Page 4 of 9 FirstFirst 1234567 ... LastLast

Similar Threads

  1. sinking fund question
    By Russ in forum Debt Reduction & Money Management
    Replies: 8
    Last Post: 04-08-2011, 11:48 AM
  2. 2010 Emergency Fund Challenge - FINAL
    By Greebo in forum Money challenges
    Replies: 509
    Last Post: 01-07-2011, 12:16 PM
  3. Replies: 81
    Last Post: 01-01-2010, 11:07 AM
  4. 2010 Build up your Emergency fund challenge?
    By Greebo in forum Money challenges
    Replies: 48
    Last Post: 12-23-2009, 11:41 AM
  5. Freedon Account/Sinking Fund
    By EmilyD in forum Frugal Living
    Replies: 12
    Last Post: 08-02-2008, 07:41 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •