Looking to save some money? This post is showing you exactly how using our sinking funds tracker will help you achieve your money goals!
If saving money has always been quite difficult for you, or you are looking to save towards a particular goal, sinking funds are your solution. Trust me on this, sinking funds have been proven to save me 1,000s in the past year. Using this free sinking funds tracker PDF can help you save 100s, too.
Before we get into how great our sinking funds tracker template is, let’s get into what sinking funds really are.
What are Sinking Funds?
Sinking funds are great money saving trackers that essentially help you save money towards a particular goal. Think of each fund as an individual piggy bank that you put money towards as often as you like.
For example, for my sinking funds I put money in every single month as I get paid. However, a lot of American people, will put money in twice a month (as they get paid twice a month.)
Sinking fund trackers are used to keep track of your sinking funds and keep you motivated and know exactly where all of your money is going. Scroll down to download your individual sinking funds tracker free pdf!
Now, for sinking funds a tracker is a key but you also need to think… where am i going to keep all of my money? I have you covered here, too.
Sinking Funds Equipment
In addition to your sinking funds tracker, here are two items I highly recommend using to help keep track of each of your funds separately and physically.
This is to create labels for all of your folders and other organisational tools!
I LOVE these items and use these exact ones to separate and contain all of my funds. I have my ziplock folders within my binder, with each folder labelled to the corresponding fund.
So the folder is a great place to store each individual fund– I went for an A5 folder, along with A5 ziplock style inserts. You can definitely go for an A6 size if you don’t mind you money being slightly squished.
For the labels I went in with my Dymo label printer to print and stick on each fund label. I toyed with the idea of just having sticky labels I could write on but this label printer won as it has a much cleaner look and I can use it for so may more things!
So where does the sinking funds tracker come into this?
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Sinking Funds Tracker PDF
The sinking funds tracker download pack includes:
- Sinking Funds Tracker
- Monthly Sinking Fund Tracker
If you are looking for a more yearly structured and detailed sinking funds planner, check out my digital sinking funds planner posts, that you can also print out!
I print out my sinking funds tracker sheet and slot it into the front of my ring binder so I can keep track of the balance! As each sheet has 4 funds on it, it saves so much space and is more economical. Each fund comes with 12 rows within the ‘date’ column, one for each month of the year!
I have used GoodNotes on my iPad to give you a demonstration of how I use the free sinking funds tracker below.
We’ve already spoken about the separate funds tracker, so let’s talk about the monthly sinking funds tracker. This tracker is SO GOOD. You essentially list all of your funds for a particular month/ date and state how much you have added and or spent from that sinking fund.
There’s also a spent/ added section where you can state the respective amounts. If you budget monthly, this pack is great, especially if you dip into your sinking funds during those months. Below I have put in a brief example of how I use this sinking fund tracker.
When these two trackers are used in conjunction together, it really gives you a much more effective grip on your finances and you can effectively see how much money you have in your whole funds per month!
For example, I have started the month off in May with £220 in my gifts budget, however during that month I bought a pair of jeans for my sisters birthday for £60, therefore I place -60 into the +/- column and then at the end of the month, I put £160 in the end column!
When I say this pack has SAVED my finances and helped me save 1000s for a holiday and car, I mean it!
Sinking Funds Tracker Download
Sinking Funds Tracker Planner Printable
If you are a serious budgeter and really want to get your spending and savings under control check out our yearly finance planners! In these planners we have sinking fund trackers, savings trackers, monthly budgets, and more!
We have a digital and printable options, for those who prefer pen or (apple) pen ;).
Digital Sinking Funds Planner
Budget Planner Printables
Want to elevate your finances even further? Check out our best selling BUDGET PLANNER PRINTABLE and SAVINGS TRACKERS!
The budget planner I have been using for YEARS, I have finally put up in my shop for all users! Here you can track all of your sinking funds month by month, savings, finance goals, overviews, occasion budgets, bills and subscription trackers, and way, way more!
Printable Budget Planner and Sheets
There we have it! You are now officially a Sinking Funds expert. Let me know if you download our FREE Sinking Funds Tracker printable or buy our Sinking Funds Tracker PDF.
Want more money saving/ planner printable posts?
- 8 Insanely Good Money Saving Tips
- FREE Goal Setting Pack – How To Set and Achieve You Goals
- How to be More Productive
