Savings Fund

Also known as a Sinking Fund, the Savings Fund will have a portion of money deposited deposited depending on the goals at hand. If for example, I wanted to buy a new $6,500 computer, I will obviously not be able to buy that within 1 month, so the Savings Fund will be used to save up for that money. Another example is the $750 hosting bill that will come every 10 years. The Savings fund will be a savings account with the same bank as my checking account.