In the beginning of my personal finance journey, I struggled with figuring out how I can save money in a more efficient and effective way. My expenses in personal spending were not consistent throughout the months, so feeling guilt after certain purchases was a common occurrence. However, learning about and understanding sinking funds really changed the game for me. Having sinking funds is the best and easiest technique for increasing your savings and using money wisely. Managing personal finances can be challenging, especially when large expenses are on the horizon. Whether it’s a big home renovation, an annual subscription fee,…