Have you ever heard of zero-based budgeting? While originally conceived in the 1970s as a management tool for companies and organizations looking to cut back on spending for the sake of more efficient profits, it remains a unique method of budgeting that translates well to personal budgeters or individuals who own a small business.
Frequently asked questions
Not exactly. However, zero-based budgeting and the 50/30/20 rule work well together, as the 50/30/20 can help you identify areas in which you are overspending or underspending.
Of course — there is an app for everything! For your convenience, we have compiled a list of the best budgeting apps.
Absolutely. Keeping a zero-based budget can help do a number of things that will affect your credit score in a positive way— such as saving money, paying off debt, and paying your bills on time.