BudgetingBudgeting tips, tricks, & inspiration

Dec12

Five Steps of the Emergency Fund

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There are a plethora (that word always reminds me of the Three Amigos movie) of personal finance and budget theories, however one element always seems constant, which is the emergency fund. No matter who you are there will be a financial crisis in your life at some point. Whether it is an unexpected job lose or a vehicle breakdown you will be protected with an emergency fund. Plan for the unexpected!

Jul02

How to Create a Zero Based Budget

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Learning a new concept can be tough. Not only are you trying to get things done, but you are also adding the overhead of a new process on top it. Fortunately, zero based budgeting is an easy skill to learn. You can understand the basics in just a few minutes. To understand exactly what you're getting yourself into, we've outlined the steps we take to create our budget each month.

Jul02

Budget Category List

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When we began our budget, we searched online for a list of categories to help us get started. Our search turned up plenty of lists, but most of them were either too short or they were embedded in spreadsheets. It was difficult (for us at least) to locate a simple list on a web page. So, to help others like ourselves, we've decided to post our budget categories below.

Jun19

Variable Income: Four Steps to Make It Work

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Are you trying to find excuses on why a zero based budget will not work? Well I will grant you that living on a variable income is a challenge. However it's for that reason a budget should be a bigger priority for you. Variable income and lack of discipline are the biggest reasons that we fail with budgets. This is compounded by current personal finance books skipping right over the concept of variable income budgets. The main problem stems from human nature in that we have the tendency to overspend on the good months and starve in the bad months. We here at Zero Based Budget HQ have regular 9-5 and side-jobs. Therefore we must employ this strategy for allocating variable income, so yes we live in this world. This method will help you use a zero based budget to smooth out the highs and lows of your variable income so you can crush it for all twelve months.

Jun12

What's A Zero Based Budget?

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The zero based budget has changed my financial future and set my family on the path of success. For years my wife and I struggled to understand how we could make a good living, but we always came up short at the end of the month. No matter how hard we tried we would lose track of where our money went and overspend due to lack of discipline. It was not until we attended Financial Peace University, where we were introduced to the concept of zero based budgets, that we turned our finances around.

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