Sinking Fund App for Extracurriculars

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Sinking Fund App for Extracurriculars

Inspired by a conversation on:

Get the Hell Out of Debt

Get the Hell Out of Debt

Extra Expensive Extracurriculars

Host: Erin Skye Kelly and Carrie Blakeney

Timestamp: 06:48 - 07:15

Listen to Episode • View Podcast • All Ideas from Get the Hell Out of Debt

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Feather Flow

Direct Quote

"Obviously, having a sinking fund, which means you set aside a small amount each month specifically for activities."

Market Gap

Parents struggle to budget for children's extracurricular activities.

Many parents find it difficult to manage the costs associated with children's extracurricular activities, which can add up significantly over the year. Often, these costs come as unexpected fees that disrupt planned budgets, leading to financial stress. Parents who are unaware of these costs until they arise may struggle to reallocate funds quickly, resulting in missed opportunities for their children. Current budgeting apps do not specifically address the need for setting aside money for fluctuating extracurricular costs, leaving parents to manage these expenses without a dedicated solution. Without a clear strategy, families may face financial strain, causing them to reconsider their children's participation in valuable activities.

Summary

The Sinking Fund App for Extracurriculars would allow parents to set aside a designated amount each month for their children's activities. Users can input projected costs for various extracurriculars at the start of the year, and the app would calculate how much to save monthly to meet these expenses. The app could include features for tracking expenses, reminders for registration deadlines, and tips on finding discounts or scholarships. This solution directly addresses the budgeting issues parents face and helps ensure their children can participate in valuable activities without financial stress.

Categorization

Business Model
SaaS
Target Founder
Generalist
Difficulty
Medium
Time to Revenue
3-6 months
Initial Investment
$1,000-$10,000

Scores

Clarity
8/10
Novelty
7/10
Feasibility
6/10
Market Potential
8/10
Evidence
7/10
Overall
7.2/10
Found on September 9, 2025 • Analyzed on September 9, 2025 10:05 AM

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How should I validate this saas idea before building it?

2:34 PM

Great question! For a saas idea like this, I'd recommend starting with these validation steps:

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