Someone explain the difference between sinking funds and savings please. I see "only save $1000 emergency fund" but then people say to put money in to a sinking fund for unexpected car repairs, etc. Isn't it all just savings, no matter what you call it? Or you can do more than $1k in savings was long as it's designated for a particular thing? I feel like $1000 isn't near enough, but if I could also put some more aside for car repairs, unexpected medical bills, etc then I might feel a little better.

I'm going to be in BS2 for 7+ years and I'm freaking out a little giving up my savings...

https://decembearduk.org/