Saving, Managing Debt, and Budgeting


What is “zero-based” budgeting?

Zero-based budgeting is a method by which one accounts for the spending of every dollar of income from all sources. If any one category must be revised upward, another must be revised downward so the effect is zero on the total amount that is spent during the budgeting period. This way, your expenses can never exceed your income, if you stick to your budget.


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