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Car Insurance & Reg Sinking Fund

December 18th, 2019 at 08:52 pm

I have just paid my car & 5th wheel insurance 6 month premium, so I thought this would be a good time to take a close look at my insurance and registration sinking fund.

Projecting the balance through all of next year, ignoring interest earned, it looks like I will have enough to cover both insurance premiums and both registrations next year, with the lowest balance at any point being $288.64. This is more than is needed. I intend to transfer $188.64 to checking and use it towards my next extra principal payment. That still leaves a cushion of $100 plus interest earned, which in my view is plenty.

1 Responses to “Car Insurance & Reg Sinking Fund”

  1. creditcardfree Says:

    Perfect, wise to send the extra towards the principal of the loan!

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