What Is A Zero Based Budget? 

God bless Jesus loves you and He died for your sins and because of His grace love and mercy you can be forgiven and saved.

😂😂

God bless Jesus loves you and He died for your sins and because of His grace love and mercy you can be forgiven and saved.

God bless Jesus loves you and He died for your sins and because of His grace love and mercy you can be forgiven and saved.

@@xzandergraves2413 idk if you knew this but you aren’t evangelizing leaving RU-vid comments if you’re doing it to say you’re doing your part, get on the street

Tony Steel TFS! I will have to look 👀 up that app now!

Sorry I wouldnt give an app my bank account info and credit card accounts...just dont trust them.

Mark G: The very reason why I never used that particular feature.

Tony Steel How does it track spending if they dont have access though? Do you manually input?

It worked lol

God bless Jesus loves you and He died for your sins and because of His grace love and mercy you can be forgiven and saved.

Why budget when you can just print money out of nothing. Who cares if it devalues your citizen's savings.

Yes they do. And they use it every few months to continue to divide the citizens. "If we don't get this budget passed they'll be no money for Fire , Police , Military , Feeding whoever they want to name......." And the Rep's /Dem's will blame each other and you''ll argue with your political rival in your family/office...

dragan176 there are many channels that follow the Dave Ramsey plan and do zero based budgets. Budget Girl is one of them.

But isn't a zero based budget not just... a budget?

+dragan176, yes and they do far more than a ZERO-BUDGET. Here is the difference using some numbers: Step 1: You make 20K a year +/-: the exact numbers are unknown because of X days sick and Y over time and so on. But on average 20K. Let us say you are paid every 2 weeks, like many. So while your individual paycheck may be more or less you know on average it will be 20K per year / (52 weeks per year / 2 weeks per paycheck) = $769.23 per paycheck on average. Step 2: Do the same math on the core bills Dave would call the for walls: food, shelter, utilities, transportation, clothing... see most of these bills are "once per month" or "1 or 2 times a year". For the sake of this example I will assume when you do all the math out they come out to $400 per paycheck on average; So you set your bank up to AUTO DRAFT $400 every paycheck to the BILLS account. Ideally, you do the math to fund 15 months of bills every 12. So that would be (15m/12m) X $400 per paycheck = $500 per paycheck that you would auto draft to the BILLS account. Having done this YOUR BASE NEEDS AND EMERGENCY SAVINGS FOR MOST is AUTOMATICALLY COVERED. If you are like many a SEPARATE BILLS AND BASE NEEDS ONLY CHECK/SAVE the adults in your household can tap is ideal, because the segments of pay that need to be there is, you can even set all the bills to AUTO PAY, and just sit back. As long as your paycheck comes in you are good, and if it stops after some time you will have a rather large cushion. IN OUR HOUSE WE TOSS IN THE HOLIDAYS and what not into bills like this as core. If you don't that would be "Step 3" and the next one would be "4" Step 3: You have $769.23 per paycheck on average - $500 per paycheck = $269.23 per paycheck on average left. Now Dave would say ALLOCATE ALL OF THIS TO SOMETHING NOW. But NON-ZERO says DONT DO THAT. Because as was pointed out in "Step 1" you don't know what you pay is until you actually get it. And you have 3 things that are all EQUALLY IMPORTANT fighting for this lose money, and one more that is optional but helps keep most sane. The 3 are: savings, investments, and Debt. Here is the thing: UNLESS YOU HAVE ENOUGH SAVINGS to PAY A DEBT IN FULL tossing this $269.23 at it wont help you be less poor. So YOU SAVE AND INVEST IT, when you have an E-FUND+ENOUGH TO PAY A WHOLE DEBT OFF is when you should do that, and that will come in time if you follow "Step 2", so for now pay the minim: and save some more, and invest some, and have some fun because you followed a budget that let you afford to. When you follow this BASIC NON ZERO BUDGET you are multi-tasking. And, by its nature, it is elastic to the SICK TIME AND WHAT NOT of life that is common for most households. Over time those who follow a budget like this have more and more "$X per paycheck on average left" to work with. Once you set up this base pattern of growth the rest is just not being dumb with what you spend that on case by case. Because this budget is not about ZERO AKA KEEP YOU BROKE, it is about DISPOSABLE INCOME AKA MORE MONEY YOU ARE FREE TO SPEND HOW YOU SEE FIT. The whole point of a ZERO-BUDGET is to claim YOU ARE INCAPABLE OF SELF CONTROL, the problem with that is while it will force people not to spend, someone with that core problem won't ever get rich or long term better off that way. Part of WEALTH is freeing up your money to focus on what you value.

Erica Johnson 👋

True

That's not fair. Math is hard

You can live below your means with this 0 based budget. Just budget it. That's the beauty of budgeting. You tell your money where to go and if you want 50% of your income invested, you budget it. It's that simple.