Sinking Funds Tracker Excel sheet | Sinking Fund Tracker Savings Tracker Excel

Certainly! Here's a basic structure for a Sinking Funds Excel Spreadsheet:

1. **Categories**:

- Column A: Categories (e.g., Vacation, Car Maintenance, Home Repairs, Emergency Fund, etc.)

2. **Target Amount**:

- Column B: Target Amount (the amount of money you aim to save for each category)

3. **Current Balance**:

- Column C: Current Balance (the amount of money currently available in each sinking fund)

4. **Monthly Contributions**:

- Column D: Monthly Contributions (the amount of money you plan to contribute to each sinking fund each month)

5. **Goal Date**:

- Column E: Goal Date (the target date by which you aim to reach the target amount for each sinking fund)

6. **Progress**:

- Column F: Progress (a formula to calculate the percentage of the target amount saved, based on the current balance and target amount)

7. **Notes**:

- Column G: Notes (optional - for any additional comments or reminders related to each sinking fund)

8. **Summary**:

- Total Target Amount (sum of all target amounts)

- Total Current Balance (sum of all current balances)

- Total Monthly Contributions (sum of all monthly contributions)

- Visualization or chart to track overall progress towards savings goals

With this structure, you can easily input and track the target amount, current balance, monthly contributions, and goal date for each sinking fund. The spreadsheet can automatically calculate the progress towards each savings goal and provide a clear overview of your overall financial situation. Additionally, you can customize the spreadsheet further by adding conditional formatting, additional categories, or any other features that suit your needs.