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what is a sinking fund

Emergency Funds vs Sinking Funds
Money 101

What Is a Sinking Fund (in simple terms)?

What is a sinking fund in simple terms, and what’s the difference between an emergency fund and a sinking fund account? Most people know the importance of saving for the unexpected like a job loss, injury, or illness. In fact, many experts recommend a minimum of 3 to 6 month’s worth  ...

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