With the rising living costs and stagnating salaries, many people feel they don’t have enough money to put aside. Though there are certain limits on how much people can save, there are ways to gradually expand your savings, even if it’s a few dollars each month. Among these strategies is something called “Sinking Funds.” They are one of the easiest practices to be added to the best personal budgeting software to have real control over your money. But, what exactly is a sinking fund? Let’s find out.
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