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This is a new concept to me and I think it will be useful to seniors to understand the concept as they go forward. Sinking funds are funds used to pay for large expenses that are planned. For example, I recently put 4 new tires on my car. This was an expense I knew was coming for the last year. Having a sinking fund would be perfect for this type of purchase because then one would not dip into an emergency fund nor savings.
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