Saving Money

Car repairs, holiday gifts, annual insurance premiums — irregular expenses blow up budgets every month. Sinking funds are the simple solution. Here’s exactly what they are, how to set them up, and which categories you need most.

The envelope budgeting method is a decades-old cash-based system that has helped millions of people take control of their spending. Here’s exactly how it works, how to set it up, and whether it’s the right approach for your financial situation.