Sinking Funds

Sinking Funds

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What is a sinking fund?

A sinking fund is an account that is used to save money for a specific purpose. The fund is designed to allow for regular contributions over time, which will eventually be used to pay for a specific goal, such as a car, a down payment on a home, or any planned future expense.

How fast are sinking funds growing in popularity?

Interest in Sinking Funds grew 48% over the past year, compared to the year before, putting it at a current volume of 2.3K searches per month, as of last month.

Related Trends

Channel Breakdown

Sinking fund content is predominantly talked about on TikTok, where users are sharing more casual and everyday money-related tips and tricks.

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Top Questions about Sinking Funds

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