Tagged With: sinking funds
Overdraft charges are the great irony of banking. You get charged a fee when you try to make a purchase and you don’t have sufficient money in your account. It would almost be a joke if it weren’t so humorless. Nonetheless, I can’t say that I’m against them.
A sinking fund, as I talked about before, is a way of saving up for large expenses in advance. It’s a kind of a quaint, old-timey way of doing things, which might be why it appeals to me. A sinking fund is way simpler than it even sounds, and it sounds pretty obvious to … Continue reading
I found out that my car needed some work recently. My mechanic quoted me a figure that initially made me stagger a bit. I don’t know why I was surprised, as anything having to do with a car that’s not an oil change always costs hundreds of dollars. But after an initial shock, I … Continue reading