A "Sinking Fund" is an account you set up to pay for future planned expenses, like a new car or a fancy vacation. It is not a bad thing.I was thinking about maybe using VMRXX within my Cash Plus account. I am now curious as to why you say VMRXX is sort of a sinking fund? Is it something to avoid and if so, why?
"What is a sinking fund, and why do you need one?"
Statistics: Posted by Duckie — Sat Aug 24, 2024 6:48 pm — Replies 4 — Views 321