My best friend is a big fan of sinking funds so I asked her how and when she uses these funds to best manage her personal budget. I learned that she uses a combination of the Half Budget Method and Sinking Funds to save up for all of her monthly expenses and planned-for expenses that occur less frequently such as clothing, recreation (health and wellness) and fun.
I will cover Sinking Funds in more detail in an upcoming post. In the meantime I encourage you to Google: Sinking Funds and learn as much as you can. Signed, Filipina Budget Girl.