Budgeting during these uncertain times caused by the Coronavirus pandemic is nerve-racking. Some of you may have lost your job or experiencing a sudden drop in income. As of mid-April 2020, 22 million Americans have filed for unemployment during the Coronavirus breakout, according to the Washington Post. If you’re still employed, you still might be …
You’ve created your first zero-based monthly budget and things are going great. You’re starting to get comfortable with budgeting, until the unexpected happens. An expense pops up that you forgot about. You didn’t even realize that you needed to include it in the first place. What do you do now? Don’t panic! Forgotten budget expenses …
There are so many budgeting mistakes that may be costing you big time. We fail to make the connection that these budgeting mistakes are the very reasons why our budgets fail in the first place. Most of us hear the word “budget” and run for the hills. Negative connotations come to mind like deprivation, restriction, …
Now that you’ve made the decision to start your debt-free journey, where should you start? The next step involves finding a plan that will eliminate all of your consumer debt. If you scour the internet, you’ll stumble upon two popular debt payoff plans. Both deliver the same exact result (total debt elimination), but the plans …
A zero-based monthly budget is simply a spending plan for the month, much like a regular budget. The difference between a budget verses a zero-based budget is an approach. With a zero-based budget, you start the month at zero. Total your expected income for the month and allocate all of your expenses, immediate and future, …
