If you often have trouble saving for large expenses or covering unpredictable budget categories, you may find sinking funds a useful way to smooth things over.
It's important to note that this is different from an emergency fund. Sinking funds are for specific, expected costs, whereas emergency funds prepare you for the unexpected.
Sinking funds are a great way to slowly and intentionally prepare for big expenses without having to disrupt your budget or use emergency money when they come.
To start using your own, simply point out a big expense coming up in the near future, estimate what it will cost, and start contributing savings toward that number each month.