Zero-Based Budget

[Starmix]

Let us apply the Zero-Based Budget. In a zero-based budget, every single dollar, peso, or whatever currency you have there, of your income, is assigned to a specific expense, leaving you with a balance of $0. This method requires you to anticipate all of your upcoming expenses so that you can allot your income to the appropriate expenses. Be sure to include savings in your plan as well; if you don't plan to spend all of your income, you can assign what's left to a savings expense. This method ensures that you have a plan for each dollar, peso, or whatever currency and never make impulse purchases. If it is easy for you to do this, then proceed. There are many ways to budget our money.

 

[eLdavis]

It would be hard to follow this method though cause majority of the times a lot of unplanned expenses usually pop up.

 

[Starmix]

It would be hard to follow this method though cause majority of the times a lot of unplanned expenses usually pop up.

I agree with you how our desires urge us to do it but there are factors that evade us in doing it. When we finally decide, we can give an honest try.