Free tool
Sinking fund calculator for yearly bills
Overview
Turn bills that arrive once a year into a steady amount you set aside each month.
Want this tracked every month? Wrenfold keeps your budget on your own device. See Wrenfold
Excel workbook · $19
Household Budget and Bill Calendar
Give every dollar a job, track what actually happened, and see which bills land in which month.
See what is inside ($19)Share
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How it works
How it works
Add up the bills that come once or twice a year. Divide the total by 12 for the monthly amount, by 24 for a twice-monthly paycheck, by 26 for a paycheck every two weeks, or by 52 for a weekly amount. If a big bill is closer than a year away, enter the months left to see the higher monthly amount you need to catch up.
FAQ
About this calculator
What is a sinking fund?
A savings amount you set aside regularly for a known future cost, so the bill does not disrupt your monthly budget.
Where should I keep it?
In a separate savings account or a labeled sub-account, so it is not spent by accident.
What if the bill is sooner than a year?
Use the months field to see the higher monthly amount.
Is anything saved?
No. The math runs in your browser and nothing you enter is sent to us.
Read the guide: Sinking Funds: Save Monthly for Yearly Bills. Related: savings goal calculator, how to build a monthly household budget, household budget bill calendar. See all free tools. More free tools: Length converter, Golden ratio calculator, Fraction to decimal calculator, or see all free tools.
General information, not tax or legal advice. How we write and check our tools.
Excel workbook
Household Budget and Bill Calendar
Give every dollar a job, track what actually happened, and see which bills land in which month.
See what is inside ($19) Try the free starter
Also in the Household Money Bundle: 3 products for $39 instead of $47 separately.
Wrenfold
Keep this going in a budget you own
Wrenfold keeps accounts, budgets, bills and goals on your own computer or iPhone, with budgets that roll over each month. Bring in a bank CSV or your You Need A Budget file, or keep balances current through SimpleFIN Bridge, a separate service you sign up for. $79 once, with an optional $5 a month for updates; the app keeps working if you stop. The free trial records up to 60 entries.
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