💨 Abstract

A sinking fund is a dedicated savings pot for anticipated expenses like Christmas or car maintenance. Financial expert Vix Leyton advises setting a target, dividing the cost over time, and saving regularly to avoid last-minute financial stress. Keeping the money separate reduces impulse spending and provides clarity. Even partial savings help ease future costs. Leyton suggests using Cash ISAs for interest and adjusting savings as needed. This method prevents budget surprises and promotes financial stability.

Courtesy: Tanyel Mustafa