zero-based budget

Zero-based budgeting is a method of budgeting in which all expenses must be justified for each new period. This approach contrasts with traditional budgeting, in which a budget is based on the previous period’s actual results, with adjustments for expected changes. The process of zero-based budgeting starts with a “blank slate” and all expenses must be justified for each new period. This means that every expense, whether it is a fixed cost or a variable cost, must be evaluated and justified....

Welcome to the financial dojo, where we’re about to chop through the clutter of personal finance management with the sharp blade of zero-based budgeting. Imagine giving every single one of your hard-earned dollars a mission before the month even kicks off. That’s right, we’re talking about a budgeting technique that’s as meticulous as it is empowering, where not a single cent lounges around without a purpose. Zero-based budgeting isn’t just another financial fad—it’s a strategic method that’s been turning heads and opening wallets (in a good way)....