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In this video, I talk about sinking funds: What are they? How do you set them up? And I show how I set up my 2020 Sinking Funds in YNAB. Sinking funds are important to have in your budget. They cover irregular expenses that you still need to budget for throughout the year. Things like Christmas, birthdays, vehicle repairs & maintenance, insurance, etc. If you don't have sinking funds set up in your budget, I HIGHLY recommend you start including them. I can't tell you how many times having sinking funds set up has saved our butts. They are a crucial part of a budget, and going into 2020, now is the perfect time to set up your Sinking Funds. -------------------------------------------------------------------- ►SUBSCRIBE to our channel for more videos: / thezilinskilife ✘ CONNECT WITH US ON INSTAGRAM: / itscodyandval ✘ CONNECT WITH US ON FACEBOOK: / thezilinskilife ✘ CHECK OUT THE BLOG: https://codyandval.thezilinskilife.com/ ✘ CHECK OUT CODY'S BLOG https://dadstachedotblog.wordpress.com/ ▸▸▸Want to help support the channel? Shop Amazon through our affiliate links! We receive a small commission at no extra cost to you. 🇨🇦CANADIAN FRIENDS: https://amzn.to/320E7HT 🇺🇸US FRIENDS: https://amzn.to/320Gjik -------------------------------------------------------------------- ▸▸▸WE RECOMMEND | Free 34-Day Trial for YNAB: http://bit.ly/34s2fCi Wealth Simple Investing: http://bit.ly/2QYjGX6 Sign up for Tangerine Banking using our Orange code (49944473S1) Tangerine Banking: http://bit.ly/2L0Q33J Some links above are affiliate links. This means we may receive a small commission at no extra cost to you when you purchase or sign up for a service using one of the links above. This helps to support our channel and we greatly appreciate it! #YNAB #SinkingFunds #Budget