9 responses

  1. Christine | Money Funk
    June 3, 2010

    I just did my zero based budget yesterday and was $2 off from what was in the bank to what I had to spend. So I adjusted until it was 0. And from it, I think I will end up with an extra $127 to throw into my savings or my debt. Woo Hoo!
    .-= Christine | Money FunkĀ“s last blog ..Money Funk goes Comic =-.

    Reply

    • Kevin
      June 3, 2010

      Yea, I’m a fan because I know any extra money I have coming in can go straight to savings

      Reply

  2. James Fowlkes
    October 12, 2010

    This is a great idea and super simple too. I wish I could get my sister to do this. I’ve been trying to get her to put together a budget for the past three years,… no joke!! Thanks for the post, Kevin!

    Reply

  3. eemusings
    October 12, 2010

    I am a big fan of the zero based budget too! That’s how we do it; too much extra and it simply gets frittered away.

    Reply

    • Kevin
      October 13, 2010

      Exactly KISS

      Reply

  4. L. Marie Joseph
    October 31, 2010

    Great Post. This can be the first step for personal finance
    Also Mint.com gives you a visual look at how you spend money

    Reply

  5. FB @ FabulouslyBroke.com
    October 31, 2010

    I just set an amount per month at $1000/month to spend as a guideline and I try to stick to it. If I go over, I don’t cry, but I try to remember it for next month.

    Then I bank the rest.

    I do this because I’m a freelancer and some months I don’t work, so my income is $0 and I can’t save what I don’t have.

    My overall goal this year was $20,000 for the whole year for personal expenses.

    Reply

  6. Sheila Eakle
    June 7, 2011

    I do have a question regarding the zero budget.
    some of my friends use the envelope system. using your zero budget as an example,
    they would make separate envelopes for each category and actually deposit the cash accordingly. I like the idea but already question how I would keep myself on budget without a certain tracking system in place.
    How do you keep track of the budget?
    .

    Reply

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