Comments on: Does anyone know what a Sinking Fund is and how to best use it for personal finance? http://www.writefinancial.com/30/does-anyone-know-what-a-sinking-fund-is-and-how-to-best-use-it-for-personal-finance/ Articles all based around the subject of personal finance Tue, 27 Dec 2011 17:36:14 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Kiran C http://www.writefinancial.com/30/does-anyone-know-what-a-sinking-fund-is-and-how-to-best-use-it-for-personal-finance/comment-page-1/#comment-137 Kiran C Sat, 31 Jan 2009 12:17:38 +0000 http://www.writefinancial.com/personal-finance/does-anyone-know-what-a-sinking-fund-is-and-how-to-best-use-it-for-personal-finance/#comment-137 Get a list of you major assets that depreciate like a car or TV with the cost to replace. Divide the cost by the number of years that you will have the asset. That amount is what you save each year. Once you have a Sinking Fund, you can avoid debt. See the link below and read about the Replacement Cost Budgeting. Get a list of you major assets that depreciate like a car or TV with the cost to replace. Divide the cost by the number of years that you will have the asset. That amount is what you save each year. Once you have a Sinking Fund, you can avoid debt.

See the link below and read about the Replacement Cost Budgeting.

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