At its core, budgeting is simple- to spend less than you earn, and ideally have something left over. But as we already know, that is much harder said than done if your costs are sky high already.
Personal finance is different for everyone, because it’s just that- personal. One budgeting method won’t fit all which is why there have been a crazy number of budgeting rules and methods and schools of thought that have been founded over the years.
There are several budgeting methods which are hailed for their success- from the 50 30 20 rule which is very simplistic in its approach, to a zero based budget which requires a little more effort to maintain.
In this post we are asking: what is a zero based budget? And how could you implement it?