 Well hello everybody and welcome back to my channel! Today we're going to be doing a sinking funds video! This has been highly highly requested for 2017 and I want to be 100% honest and let you guys know that this is not something that I am going to be using in 2017 just yet. As many of you know that watch my videos, I am currently staying at my parents' summer home in Minneapolis. They are allowing me to stay here so I can save up for a house. I am well on that journey and I'm starting to look for homes right now. So I am making this because you guys wanted to see it. There will probably come a time during this year that I will utilize this just not right now because I have a lot of excess funds that are going into my savings that I can pretty much bankroll any sinking fund that is coming up within a certain month if that makes sense. So anyway that being said I just wanted to be 100% honest on the get go and let you guys know that this is just kind of a mock sinking funds for me personally but I know a lot of you wanted to see it because you wanted to draw some inspiration from it. This is my budget book for this year. This is the 2017 monthly deluxe planner from Aaron Condren and just to let you guys know these little tabbies did not come with the book. I actually put those on. I will link my walkthrough of my budget 2017 playlist like down below so you can see it if you want to. I just got them at Michaels. So anyway that's like my most commonly asked question and my battery is dying but let's try to get as much as we can done and then I'll be back after it dies. So anyway I've been doing a lot of filming today you guys so anyway this is an Aaron Condren sticker book. I am not sure if they still have this sticker book or not. In 2017 I'm trying to use up what I have but I will be leaving links below to the Aaron Condren website. I know at the store like not the Aaron Condren store but like um what is it staples I believe. They have this book still at my local staples. I was actually there not too long ago and um yeah they had it so I mean maybe they just don't have it at Aaron Condren.com anymore. I don't really I don't know. So yeah but I'm just I'm just judging it up a little bit because you know I gotta I gotta make it look pretty you guys because you know even if I'm not actually using this for myself I want it I want it to still be pretty. So that looks cute. Alright and I'm gonna use this little orange one and I'm just gonna write sinking funds and maybe you should define what a sinking fund is. When I started budgeting pretty hardcore a couple of years back I was like what's a sinking fund? To me everyone has a different version of sinking funds. Wow this is like not coming off. Oh here we go. So to me a sinking fund is anything you need to plan for. So that being said anything that revolves around something that would be an upcoming expense that maybe you don't have every single month. So like for me personally I wouldn't put like groceries on my sinking fund list because that is something that will probably be happening every single month you know. However what I did this year with my little setup and I walked through this in my like how I set this book up anyways which will be on that playlist is on the actual monthly spread page I put down here on like a little little post-it note what I have coming up that I will need a sinking fund for. So I'm gonna use these and transfer them over here and just make some columns and just see how it works out. I think I'm just gonna list them all and then if I have more I can always you know add more later if need be. So um so I have a February planner event and then I also have January puppy sitter. Alright so that's all I have for January it's going to February I don't have anything as of right now. March I've got my nephew's birthday and I will allocate some more funds that month for that. April I don't have anything. May I don't have anything. June I've got my dog's vet visit. July I don't have anything. August I've got my car tabs. Also the state fair which most people wouldn't allocate more funds to but I am going to because it's amazing. September I've got nothing as of right now. November I'm just gonna put in my December Florida flight. I normally purchase it in November and then also holiday gifts. I hope this doesn't look too different but my battery finally just totally pooped out on me. So that being said we ended at well we didn't even get to December but in December I will also have a Doyle puppy sitter so I'm just gonna put that in for December. I guess I don't have to like Doyle puppy sitter but whatever I can just write puppy sitter there we go. Alright so these are the things that I always just kind of have coming up. Also other things that I want to put in my sinking funds that I just haven't yet are my let's see I carry a AAA insurance. What that is is actually like my it's not auto insurance but like if I get stuck in a ditch somewhere or I need a jump or something I pay around I think it's like $90 a year and then I have this like extra insurance which is nice because that pretty much covers like one toe if I have to get towed. Haven't had to use it in a long time but I actually have had to use it in the past and it really sucked but anyway AAA insurance I also have my life insurance I pay annually. I'm also going to put a line for birthday gifts just kind of like a general you know general fund of that. Also my dog's medication my dog has seizures so he once a quarter has to get medicine and I know how much it is and all of that stuff so we're good to go there. I can't really think of anything else right now I mean I'm sure I'll think of I'll think of something you know but anyway so here's my February planner event what I'm going to do is I think I'm going to use this little thingamajig again and let's use this blue one why not why not let's make a little line here and you guys don't need to make it all pretty I'm just making it pretty because that's what I do it's what I do y'all let's see what other what other one do I want to use we use this one too so I'm going to use this column for the approximate and I'm going to use the next column for obviously like I would put that in once I pay that so then for the next year what would happen is that I would have a more accurate detail about how much things are going to be if that you know makes sense those look really wonky to me whatever we're going to go with it okay so the February planner event I'm not sure how much that's going to be I'm just going to estimate around the $50 mark so yeah my January puppy sitter let's see here that is going to be I know that's going to be exactly $80 Jackson's birthday I'm not sure I'm going to allocate like $60 for his gift the Doyle vet visit let's just say a good around $200 he's a little bit older he'll be turning 10 in a couple of weeks so yeah as for car tabs I have no idea I need to change my registration and everything too so that's going to be a little more expensive I'm just going to go like 350 as an approximate I have no idea as for the state fair I want to allocate myself about $100 if I end up using less that's fine let's see December Florida flight I know I just paid around like 400 so let's do like 450 just to be safe holiday gifts I don't really give too many gifts it's usually to kids that I give gifts so I'm just going to say like 200 bucks uh December Doyle puppy sitter I'm going to do like 220 I don't know how long I'm going to leave for kind of dependent on that as for my triple A insurance that is usually what did I say it was around like $90 typically my life insurance every year is around the same it's about $120 a year miscellaneous birthday gifts those let's see and just like regular like just kind of gifting if you will let's do like $300 there and then my Doyle medication those are that runs about 280 a year if the prescriptions don't change so then now what I do is I will take my calculator and then I will make like a total at the bottom of expected and then I will divide that by 12 months so so as for all my sinking funds right now it's an additional $2,500 so I'm going to put that at the bottom here of my kind of total expected so $2,500 also this is a great way if you are planning on purchasing another vehicle oh I didn't even put that in like vehicle maintenance and things like that um since this is kind of a mock one I'm not going to like unpretty fine my stuff but you could put in like like a new vehicle fund like new car fund um you could also put in like car repair you know uh tuition anything that you know you think is going to be happening that you're going to need also you know a upcoming trip or anything like that um and then how many months you have to save for that say it's just the $2,500 just to make it neat and clean because I already wrote it down um and then we divide whoops so $2,500 and then we divide that by 12 months so we need to put an additional $208.33 away every three months or not every three months every single month throughout the year so and then we divide that by 12 and that equals $208.33 so theoretically if I put all of that away then all of these expenses will essentially be paying for themselves there are times in sinking fund budgets where there's a lot of excess in your sinking funds because a lot of these are coming up at the very tail end of the year but there's also sometimes where a lot of it comes up at the very beginning of the year so for me what I would want to do if I was using a sinking funds budget is to allocate enough padding to be in there um or use some of my not emergency savings but excess savings to put into that fund and then replace it throughout the year um with that you know 208.33 every single month until it's all replenished and stocked back into the account that you took it from and then over on this column I would just write the actual once I actually know what the actual is like my January puppy sitter that's definitely going to be $80 so that I already know um and then everything else is kind of an estimate as of right now um my Doyle puppy sitter in December is probably going to be around that 220 mark again but I'm not really sure it depends on how many days I leave for so that is it that is a look into my mock sinking funds for 2017 I hope you guys enjoyed and got something out of this sorry this isn't exactly what I'm going to be using this year just because I'm in a really weird financial situation I can't tell you for sure 2018 I'm going to be using sinking funds like it's going out of style because my situation is going to dramatically change and so I'm going to have to be really really diligent about my finances nothing I'm already not diligent I'm just saving a very large excess right now because I am saving for a house so anyway I'm going to let you guys go thank you so much for hanging out with me for a little part of your day if you have any questions feel free to post them below and I will get back to you also the link to the Aaron Condon website will be below for you guys that's where I got this book as well as this sticker book uh like I said I don't know if they have this sticker book anymore but they do have several other sticker books that are available that are wonderful um if you sign up using the link that I provide you get a ten dollar off coupon code emailed to you if and when you decide to use that unique coupon code that they emailed to you it'll give you ten dollars off as well as when your item ships I'll get a ten dollar off coupon code as well which is kind of awesome so thank you guys so much for everyone that's actually used it I really really appreciate it so anyway I hope you guys are having a wonderful day no matter where you are and I will see you all in the next video bye guys