NerdWallet's Smart Money Podcast
Feel Organized and Less Anxious About Money: The Sinking Fund System Explained
Published: 8 June 2026 at 08:10 Europe/London
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Episode notes
Learn how to set up a sinking fund system that puts your savings on autopilot and helps you reach your goals.
What if the key to hitting your financial goals isn't just saving more, but saving smarter? Hosts Sean Pyles, CFP®, and Elizabeth Ayoola dig into the sinking fund system, a strategy of separate, named savings accounts each tied to a specific purpose. They explore the psychology behind why earmarking money for a specific goal feels different from keeping one lump sum, how to choose between high-yield savings accounts, money market accounts, and CDs, and the common pitfalls that can stall your progress before the system even gets off the ground.
Best High-Yield Savings Accounts of June 2026: Up to 4.03% https://www.nerdwallet.com/banking/best/high-yield-online-savings-accounts
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