The sinking fund example is so practical! I never thought about pre-allocating 10% of monthly income to a specific event but it makes total sense. Forcing that commitment upfront removes all the wishy-washy should-I-shoudnt-I decision fatigue later. Cashflow as a skill is lowkey one of those things that seems boring until you realize it's everything.
And once the hen do happened, I shifted my sinking fund strategy to be more random - like you say just nestling away 10% every month. It meant I could say yes instead of panic about money when events came up.
Cashflow as a personal finance skill is two birds with one stone because it a) allows you to separate the emotion from the transactions and b) actually understand your ‘business’ trends.
The sinking fund example is so practical! I never thought about pre-allocating 10% of monthly income to a specific event but it makes total sense. Forcing that commitment upfront removes all the wishy-washy should-I-shoudnt-I decision fatigue later. Cashflow as a skill is lowkey one of those things that seems boring until you realize it's everything.
And once the hen do happened, I shifted my sinking fund strategy to be more random - like you say just nestling away 10% every month. It meant I could say yes instead of panic about money when events came up.
Cashflow as a personal finance skill is two birds with one stone because it a) allows you to separate the emotion from the transactions and b) actually understand your ‘business’ trends.
So glad you found value in this!
This is too good... Do share more of your knowledge.. it's so helpful 🫶🏻
so so soooo glad you find it helpful. I’ll be sharing until I physically can’t anymore !!!
I love this and just wrote something on how I am focusing my three kids on becoming financially literate in 2026:
https://thecaseforpodcast.substack.com/p/the-case-for-intentionally-teaching