How to Create a Budget (Zero-Based, 50/30/20 Rule)

Introducton Table of Contents Introducton Why a Budget is a Life-Changing Skill How this Zero-Based Budgeting Guide will Help You What Exactly is Zero-Based Budgeting? Benefits of Zero-Based Budgeting Step 1: Determine Your Income Step 2: Identify & Categorize Expenses Fixed Expenses (lights, water, rent, loan payments/insurance): Variable Expenses (groceries, gas, medical): Discretionary Spending (eating out, entertainment, shopping): Savings & Debt Repayment Zero-Based Budgeting Guide vs. 50/30/20 Rule – Which is the Best Choice? Zero-Based Budgeting Guide Benefits 50/30/20 Rule Benefits Helpful Tips for Real-Time Budgeting Success Why You Should Give the Zero-Based Budgeting Guide a Try Today Final Thoughts Appropriately managing cash flow is one of the most important life skills, yet many find it difficult, or sometimes don’t do it well at all. In the hustle and bustle of monthly bills, savings goals, and random expenses, it is difficult to track your income and expen...