Finance Basics Day 5: Sinking Funds or Gazelle Intense?

Sinking funds are great, however it will take longer to pay off debt.  For me, I was “gazelle instense” (a Dave Ramsey term) because I was getting repeated promptings from the Lord to get out of debt ASAP.  Sinking funds waited until I was debt free.  That didn’t mean I didn’t plan for the bills that don’t come monthly (like vehicle registration), I just knew that was something that was going to need to be added to the budget for the month it came up.  It was a calendar item, not a sinking fund.