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Sinking Funds and Other Stuff

September 10th, 2019 at 01:55 am

So apparently SO mother had allowed the insurances on the vehicles to lapse since May, so he’s been driving around with no insurance since May (personal and commercial vehicles). Her license had been suspended since July, so she’s been driving with no insurance and a suspended license, with the grandson in the car. WTF!

If this is not a wake up call for him to takeover the business and everything else then I don’t know what is. Actually I do know, I’m so glad I’m not apart of that dysfunction. I’m not sure WTF he won’t put his foot down with this woman. But hey

In financial news, I checked the sinking fund for the car, and realized that I’m close to $1,000, just about $400 away. Initially the account was set up for car repairs, and insurance. But I pay my insurance monthly, and knock on wood there hasn’t been any repairs needed.

I need an oil change and normally I’d use this account, but since I have more than enough in my cash envelopes ✉️ I’ll use the money from there.

Seeing this account grow, has made me feel really good. One, because in the past, I’ve always used a CC to repair the car and now there’s cash. And two, I realize I can actually save cash for a new to me car. As you all know, my Camry has about 255k miles on it. She runs great! But I know it’s just a matter of time. My goal now is to save about $5-8k for my next Camry.

Next, I splurged on household items and took the money from home repairs, this sucks but now I’m back on track. I need to know that this account is not for home decor but repairs. I was going to get the accordions for the window, but will wait until hurricane season is over. I have the plywood and right now rates are sure to be higher. I’ll still get the quotes so that I know where I stand, and can save for them.

I must say, I have a sinking fund for everything, but I love it! I love the idea of saving just a little to have a lot later and paying cash 💰 for things. Patience surely is a virtue

3 Responses to “Sinking Funds and Other Stuff ”

  1. Jenn Says:

    You're doing so well ! I really enjoy seeing your progress.

  2. Sue Says:

    I agree with Jenn. You're on the right track Amber and it's nice to see your progress.

  3. rob62521 Says:

    It is great to have those sinking funds and saving for stuff a little bit at a time. You are making good progress.

    Sounds like SO's mom is a hot mess. Just be glad you aren't a part of that hot mess anymore.

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