Sinking funds
Add up to four bills that come round once a year or so. It works out what to put aside from your pay so the money is there on the day.
Estimate · guidance, not advice
- Only pay dates before each bill's date count, so the money is there in time.
- Amounts are rounded up to the next penny.
Do this each time you're paid
Calm Money: Sinking Funds keeps every pot up to date and gives you one total to set aside each time you're paid.
Calm Money: Sinking Funds App · £11.99 on Etsy
Questions
What is a sinking fund?
Money you put aside a little at a time for a bill you know is coming, so it's there on the day.
Can I add more than four pots?
Not here. Calm Money: Sinking Funds keeps every pot, with one total to set aside.
Updated