A Better Way to Manage Your Everyday Money - Book - Page 191
Using the money in sinking funds
Money set aside to sinking fund ledgers can be used in one of three ways:
1. Linking a sinking fund to a bill or credit card automatically deducts from the sinking fund
balance to make payments;
2. Writing a paper check;
3. Using the Move Money or Consolidate Money features.
Pausing a sinking fund
The money that is being set aside for a sinking fund can be temporarily suspended by editing the
sinking fund and unchecking "Include in Cashflow."
● While a sinking fund is not included in a cashflow spreadsheet, the sinking fund's ledger
balance does not change.
● When a sinking fund is re-included in your spreadsheet, the set aside amounts needed to
reach the goal amount are recalculated.
Day-to-day
Sinking funds are set up only when you want to save up money to pay for something in the
future. You probably will not be using this feature often, especially since a sinking fund, once set
up, is automatically maintained by the program until the goal amount is reached.
Playing "What If?" with a sinking fund is done when you add the fund to your cashflow by
determining which combination of goal amount and reach-by date has an acceptable effect on
your net cashflow.
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