Running a chiropractic practice means juggling patient care, marketing, and the ever-changing financial landscape of business ownership. And while it’s common to budget for monthly expenses, it’s those irregular but inevitable costs that tend to throw things into chaos.

That’s where sinking funds come in.

What Are Sinking Funds?

A sinking fund is a dedicated savings bucket for expenses you know are coming—they’re just not monthly. Think continuing education, malpractice insurance, taxes, equipment upgrades, or holiday bonuses.

These aren’t surprises—they’re just irregular. And if you’re not planning for them, you’re playing financial catch-up… or worse, putting them on a credit card.

Why Sinking Funds Matter…

When used properly, sinking funds:

• Protect your cash flow from sudden hits
• Keep you out of unnecessary debt
• Reduce stress when known expenses come due
• Support long-term planning and business sustainability

Examples of Sinking Fund Categories:

• CE Credits & Travel
• Malpractice Insurance (quarterly or annual)
• Equipment Replacement (adjusting tables, computers, etc.)
• Staff Bonuses and Holiday Parties
• Quarterly & Annual Taxes

How to Set Them Up…

1. List non-monthly expenses in your business
2. Estimate the cost and frequency
3. Divide that amount by the months you have to save
4. Set up separate bank accounts or labeled sub-accounts
5. Treat your sinking fund like a bill—non-negotiable

Use a bank like Relay that allows multiple-labelled accounts to keep it easy and organized. (check out my affiliate link below)
RELAY FINANCIAL

Be sure to check out the podcast episode I did on this topic!