Free tool
Sinking fund calculator for yearly bills
Turn bills that arrive once a year into a steady amount you set aside each month.
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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: Standard deviation calculator, Paint calculator, Age calculator, or see all free tools.
General information, not tax or legal advice. How we write and check our tools.
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