How does everyone handle sinking funds/planning for things they want in the future? Give me examples of your payday and where you disperse your funds 
Example Payday - $3,700 (after $850 for 401k). I leave enough in checking for bills (~$1,450) and disperse funds as follows:
- Son’s 529: $75
- Fun Money: $500
- House Fund: $250
- Vacation Fund: $500
- Rainy Day Fund: $250
- Extra Mortgage Payments: $350
Cash Envelopes:
- Groceries: $360
- Gas: $60
- Eating Out: $120
- Son’s Chore Money: $10
We cash flow other items as needed by adjusting these amounts.
I allocate to buckets each month and draw from those when I can afford the item. This way, I understand my earnings, spending, and how much wiggle room I have.
I have funds set up for various expenses like:
- Document renewals
- Vacations (one fund per vacation)
- New car
- Property taxes
- Home maintenance
- Appliance repair/replace
- Continuing education
- Medical deductible
I use Habit Money to track my sinking funds. For example, if I want $1,000 for a vacation, I save $50 per paycheck. It’s satisfying to watch my balances grow toward my goals.
I opened separate savings accounts for all my sinking funds. On the first of the month, money automatically transfers to each fund like Christmas, car insurance, and home repairs.