Is Your Budget Zero-Based The Right Way?
Welcome to our Hoyes Michalos Debt Free Digest where we round up personal finance topics from around the web to help you live, and remain, debt free.
We know it can be frustrating to run out of money at the end of the month or see your cash go where you don’t want it to. The good news is there is a solution to these problems and it’s called the zero-based budgeting method. This month we show you how zero-based budgeting works and share resources to help you stick to your budget.
What is Zero-Based Budgeting?
Zero-based budgeting means that every dollar is given a purpose allocated to specific expenses, savings, and/or debt repayment. (No more not knowing where your money went!)
And the best part is, you can still have flexibility with your spending. Diane Cunha explains in this post.
Good Reads From Around the Web
Watch Out For These Common Budgeting Mistakes
We sometimes meet with clients who get discouraged about budgeting because of simple and common mistakes. It happens!
Tune in to this podcast with Diane Cunha and Doug Hoyes, where they discuss the common budgeting problems we see and give practical advice for how to avoid them.
Get Our Free Budgeting Workbook
A lot of budgeting methods – including the zero-based one – do not require a detailed spreadsheet. But if you’re more of a visual planner, you may prefer it.
Take advantage of our free budgeting workbook, which features detailed income, expense, and saving categories, and pluses and minuses to allow you better control over your budget plan.
$50 Esso Gift Card Giveaway
Enter for your chance to WIN 1 of 10 free $50 Esso gift cards!
The cost of gas has gone way up recently. This month, you could save on gas spending by entering in our $50 Esso gift card giveaway.
Enter soon. Giveaway ends January 27, 2022 at 11:59 p.m.
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