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Is it possible to have too many sinking funds?

+3 votes
by (180 points)
Is it possible to have too many sinking funds? I planned for everything back to school, Christmas, birthdays, Thanksgiving and every holiday in between. My total deposit is about $125 a pay day. But I'm wondering if I really need that many
Is it possible to have too many sinking funds?

3 Answers

+3 votes
by (530 points)
 
Best answer
I would say keep it up for the year and when the holidays or event comes up and you don't use them then scratch that sinking fund out and roll your $ to another sinking fund or into savings or make an additional cc payment
+2 votes
by (750 points)
Whatever works for you! Budgets are personal, so everyone's will be different!  
+2 votes
by (4k points)
I have sinking funds for Birthday Back to School Christmas Those are my BIG expenses any other holiday to celebrate will come out of weekly spending.  
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