In a zero-based budget, income minus planned spending, saving and debt payments equals zero. Every amount has a job.
How it works
Start with your monthly income and assign it to categories until nothing is left unassigned.
Why it helps
- You plan before you spend
- It reduces impulse buying
- Savings become a priority, not an afterthought
Tips for success
- Include irregular costs like gifts and repairs
- Keep a small “miscellaneous” category
- Adjust categories during the month if needed
This article is general information, not personal financial advice. Consider speaking with a qualified professional about your situation.
