1. Birthdays And Other Occasions
If you are planning on giving gifts around other holidays, you need to plan and save to buy gifts without putting a dent in the budget.
2. Travel And Vacations
It is nice to get away and spend some relaxing time on a vacation every once in a while.
3. Pet Care
Putting aside a certain monthly amount for your beloved pet is an important sinking fund category.
4. Utility Bills
You can then put aside the resultant amount for the utility bill regardless of the actual bill for that month.
5. New Furniture
With this sinking fund, your budget will be protected, and you can buy a new sofa without bending the budget.