Episode 005: Save More with Sinking Funds

Posted Aug 11, 2016 | Updated May 24, 2019

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Welcome to Episode 005 of the Money Peach TV & Podcast. In today’s episode I am going to show you the absolute best way for saving money – Sinking Funds.

I want you to ask yourself this:

What would it be like if we actually had money the next time we needed a lot of it?

Sinking Funds work well because it forces us to be passively proactive. This means that we are planning for a big expense down the road without really feeling it. I want you to have money the next time your hot water heater blows, I want you to have money when Christmas comes around every year, and I want you to have money when your friends call you up and invite you on a weekend getaway!

The other alternatve is to simply go into debt….and debt sucks!

Get ready for awesome my friend! Sinking Funds will completely change the way you think about saving money…and you’re going to love it!

BONUS

I am going to also show you how to save money on things you’re already spending money on using Sinking Funds!

Get ready for awesome my friend! Sinking Funds will completely change the way you think about saving money…and you’re going to love it!

The first step to solving your problems with money is to take back control of your money. This always starts with the Budget.

Download the Budget

I’ll see you inside the next Episode of Money Peach TV & Podcast each and every Thursday!

-Chris Peach

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Mentioned in this Episode

The 5 Sinking Funds to Start With

Open Your Sinking Fund Now

Awesome Money Course

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Chris Petrie

Chris (Peach) Petrie is a personal finance expert, money coach, speaker and podcaster.

In 2011, Chris and his family were exhausted from living paycheck-to-paycheck and facing a mountain of debt. They started going against the society standards of misbehaving with money and made the decision to take back control of their lives and money. Within seven months they paid off $52,000, started saving like crazy and began building real wealth.

The word spread fast and Chris started showing friends how to create a budget over dinner. Soon after he started showing their friends how to do the same and eventually Chris started teaching personal finance classes around the community. As the need for the classes grew, Chris launched Money Peach in 2015.

Money Peach was created to help everyday people remove the stress and fear of money by showing them how to save more, make more, and keep more of their money.

Chris Peach has been featured in places like Business Insider, The Huffington Post, Elite Daily, and CheddarTV.

When Chris isn’t at “work” he can be found at the Crossfit gym or riding on the fire truck — Chris is also a full-time firefighter in Phoenix, Arizona.