The Fund is a pool of money that is allocated for a specific purpose, such as building a new civic center or buying a new school building. Creating a fund means that the money is set aside and not spent until the designated purpose is met. The fund can be established for many different purposes. For example, it could be used to help pay off the old schoolhouse or to help build the new schoolhouse.Funds is a smart new way to manage money. It's a flexible, visual system that tracks your expenses and gives you a clear view of where every cent of your money goes. With Funds, you can track every dollar you spend, saving time and money. Funds helps you focus on the right things, spend wisely, and achieve your financial goals.Funds helps you keep track of what you buy and how much you spend on everything from groceries to gas. You can also set goals for specific expenditures and see exactly how close you are to meeting them. Funds helps give you the full picture so that you can be sure you are reaching your financial goals.A fund can be used for many different purposes such as, a college setting aside money to award a scholarship, a city government setting apart money to build a new civic center, or even for giving travelers for driving through the country. It can be done via payroll deduction, meaning that the employee will get his wages reduced each month until the fund is exhausted.For example, if an employee earns $500 every two weeks, then his wages will be reduced by $25 each time until there is no money left. The rules of the fund are determined by the employer and can vary from one to another. A fund can also be used as a way for an employer to provide financial assistance to employees who are experiencing financial hardship.
