Zero-Based Budgeting 101: Proven Tips for Following the Money

A common issue is that many people use a traditional budgeting method or tool but don’t stick with it or fail to account for every expenditure.


These breakdowns in their budgeting systems eventually lead to confusion and frustration.


If this sounds familiar zero-based budgeting (ZBB) can improve your budgeting process.


What Is Zero-Based Budgeting?

Your budget is considered “zero-based” or “zero-sum” when your total income minus total expenses equals zero.

What Is the Benefit?

The beauty of zero-based budgeting is that you account for every dollar you receive. 

How to Create a Zero-Based 


Gather Your Income

Begin by listing all money that flows into your bank account throughout the month.

Gather Your Expenses

The next step is to list all of your mandatory expenses. These are payments that you need to make every month and usually include costs such as: - Rent - Insurance

Swipe up now to read the full post!