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Sinking funds work great for expenses you can’t or don’t want to pay for in a single month’s budget—like new tires, Christmas gifts, vet bills, wedding expenses, vacations, home remodels and concert tickets. In this video, we show you how to add and spend money from a sinking fund in your EveryDollar budget. ✅ Adding Money to Your Sinking Fund: Each month, update your planned amount to match what you actually saved—this keeps your budget accurate. If you planned to save $80 but only set aside $60, adjust it to $60 so your sinking fund stays in sync with your real savings. ✅ Spending From a Sinking Fund: Need to dip in to your sinking fund? Whether it’s an $80 oil change or another planned expense, just check your balance and enter the transaction manually if your bank isn’t connected. ✅ Automatic Updates With Premium: Want to make this even easier? Upgrade to EveryDollar premium, and your transactions will show up automatically—just drag them into your sinking fund, and boom, you're good to go! 💵 Try EveryDollar for Free: https://www.ramseysolutions.com/ramse... 🧐 Learn More About Sinking Funds: https://www.ramseysolutions.com/savin... 📺 Watch Next: → How to Set Up a Sinking Fund → How to Connect Your Bank and Track Transactions in EveryDollar 🙋 EveryDollar Help Center: https://everydollar.help.ramseysoluti... #EveryDollar #BudgetingTips #SinkingFunds