This post is all about the best digital Sinking Funds planner that will elevate your finances.
Sinking funds, budgeting, saving; so many money saving lingo is thrown around nowaday; it’s hard to really figure out how to track the money you are saving effectively!
In this post I am going to be sharing with you the best way to save money to help you reach your finance goals, all through this simple and easy to use sinking funds planner.
As someone who has been using sinking funds for years, I know exactly what works and what does not, which is why this sinking funds planner pdf is truly a brilliant tool to aid your savings.
Save your monthly budget and start saving bit by bit so when it comes to paying for something you don’t feel it all!
This post is going to give you a deep dive into our brilliant digital sinking funds planner and why you most definitely need one!
What is a Digital Sinking Funds Planner?
A digital sinking funds planner is exactly what is say on the tin; a digital way to track and keep on top of your sinking funds. Whether its tracking how much you are adding to each fund or how much you are taking away each month, this finance planner has you covered!
What is a Sinking Funds Tracker?
Right so we know that we can track our sinking funds digitally, but what exactly are sinking funds?
A sinking fund is a pot of money dedicated to a specific thing.
For example, you can have a sinking fund dedicated to Holidays, so every month you can put money in towards holidays and take out as and when you need!
The beauty of sinking funds is you put aside money monthly so when it does come to paying for something it is not coming out of your monthly salary or cause you stress scrambling for money. Sinking funds really ease off financial burdens when it comes to spending.
This digital sinking funds planner helps you keep track of all of your funds in one place- keep reading to see what’s in it and how you can use it!
Want to know more? Sinking Funds 101 + Free Printable Sheet
Why have I Made a Digital Sinking Funds Planner?
I have been on the hunt for a way to track my sinking funds digitally for years and could not find one that was perfect and had everything I wanted in it… so I made my own!
What is in the TCP Digital Sinking Funds Planner?
Now as a type A person, I wanted to cover all bases when it came to sinking funds and it’s associations so I have packed it with the most USEFUL pages you need to help you save and spend your money effectively.
Here is a detailed contents for you:
- Subscription Tracker
- Bill Tracker
- Debt Snowball
- Savings Jar
- Investment Overview
- Savings Overview
- Funds Overview
12 Monthly Sections
- Monthly Budget
- Adding to the Funds
- Fund Tracker
- Fund Spending
What are the Pros of a Digital Sinking Funds Planner?
There are so many pros to our digital sinking funds planner and I am going to demonstrate them all for you now!
1. Digital Monthly Budget Page for Every Month!
I know you cannot have an effective sinking funds planner without filling out your monthly budget. How will you know how much is to go into your funds after bills etc without anywhere to track it?
That is why this sinking funds planner has a dedicated monthly budget for each month.
2. Track 15 Individual Funds Every Month
15 funds should be more than enough funds for you to track every month. I myself use around 12 very specific ones so you can group together some funds if you run out of space…. OR duplicate the page for another 15 funds.
3. Quick and Easy Listing of Funds
As this is a digital sinking funds planner, you can use the copy and paste feature to copy over your list of sinking funds for each spread and month
3. Sinking Fund Structure
This digital sinking funds planner will have 12 separate months with the following tried-and-tested sinking fund structure:
- Monthly Budget
- Adding to the Funds – track what you are putting in the funds per months
- Fund Tracker – track the beginning and end of month values
- Fund Spending – track spending of funds throughout each month.
RELATED POST: The Ultimate Digital Reading Journal
4. Track your Debts and Savings Visually
For sure you will have your savings in your funds but sometimes it is nice to see your savings and debts visually! The savings jar can be duplicated as many times as you like and you can get the satisfaction colouring in each circle as and when
Likewise with your debts, it is SO nice to reward yourself with each step closer to being debt free using the snowball method.
5. Yearly Overviews
This digital sinking funds planner has three options to track at the beginning of the year and end of the year. There are options to track:
- Investment Overview – track your investment sinking fund monthly
- Overall Savings Overview – This is NOT your sinking funds but can be a) separate to your funds. b) a single fund within your funds.
- Fund Overiew – track the beginning and end of year fund value.
6. Re-Usable
This digital sinking funds planner is undated which means it can be used forever – year on year.
7. What Mistakes?
So we have sort of touched on this in terms of personalisation. Feed the perfectionist in you when it comes to journalling as digital journalling allows you to correct your mistakes in the tap of a button #byebyetipex
8. Digital Sinking Funds Planner PDF Compatibility
You can use this planner ANYWHERE that takes the PDF file format. This means any digital note-taking app that allows integration with PDF file formats (which i’m pretty sure should be ANY planner app) this planner should work well with!
This planner works best with Goodnotes as dimensions are made for Goodnotes but quality on other apps should be almost the same!
For all digital planning, I use my iPad Air 4 (in love with this) and my Apple Pencil, which I personally think is so worth it!
The Only CON of a Digital Sinking Funds Tracker and How We Have Made it NOT-A-CON
1. I want a Sinking Funds Planner PDF Printable
I hear you and understand it may be a con to some people however….
You can also print this planner out!!
If you would like to use this as a PDF file, you can! I have made this planner to suit both digital and printable purposes.
If you would like a full printable budget planner, click here!
Digital Sinking Funds Planner
UNDATED Budget Planner Printable
If you would like a few more options and spreads, check out out undated budget planner printable which you can use forever 🙂
This post was all about the best digital sinking funds planner.
