How to use the sinking fund tracker printable
- List each fund with its target, the date you need the money and what you have saved so far.
- Enter the date of your first paycheck and how often you are paid.
- Read the amount to set aside each paycheck for every fund, and the total.
- Print the sheet or download the PDF, then tick a month box each time you set money aside.
Formula
Paychecks = the pay dates from the first one up to and including the due date
Per paycheck = (target - saved so far) / paychecks, rounded up to the cent
Total per paycheck = the sum for all funds
A fund that is already full shows Full, and one due before the first paycheck shows Past due.
Three funds with biweekly pay from November 6, 2026
A $600 car insurance fund due May 1, 2027 has 13 biweekly paychecks before then, so it needs $46.16 each time. A $450 gift fund with $50 saved, due December 1, 2027, has 28 paychecks and needs $14.29. A $240 vet fund due March 15, 2027 has 10 and needs $24.00.
Together the funds take $84.45 of each paycheck. Each amount is rounded up to the cent, so the last paycheck may leave the fund a few cents over its target. With monthly pay, a $600 fund due in 6 months needs exactly $100.00 each time.
What a sinking fund is
A sinking fund is money set aside a little at a time for a cost you know is coming, such as insurance, gifts, car repairs or an annual fee. Saving in small steps stops the cost from landing as a shock, and it takes the pressure off your regular budget. The tracker turns each target into a fixed amount per paycheck so you can set up transfers.
The month boxes are for ticking off each month in which the money was moved. They start with the month of your first paycheck and run for twelve months.
Making it work
Keep each fund in its own labeled account or envelope so that the money is not spent on something else. Review the targets when prices change. For the plain calculation with interest see the Sinking Fund Calculator, and to spread yearly bills over the months the Annual Bills Monthly Set-Aside Planner. The Bill Payment Tracker Printable records the bills themselves, and the 52 Week Savings Challenge Printable is a different way to save.
Assumptions and limits
- You are paid on the pay dates counted from the first paycheck, and every paycheck gets the same amount.
- Interest is not included, so the amounts are the money you need to set aside.
- The funds shown are examples. Use your own targets and dates.
- Monthly pay on the 31st uses the last day of shorter months.
Frequently asked questions
Does the due date count as a paycheck?
Yes. A paycheck on the due date itself is counted, because the money is then available that day.
Why is a fund shown as Past due?
The due date is before your first paycheck, so there is no paycheck to save from. Use a different start or move the date.
Can I keep my funds for next time?
Yes. Tick Remember my entries and they are kept in this browser only. Nothing is uploaded.
Why does the PDF have twelve month boxes?
They give you a way to see which months you have already put money aside for each fund over a year.