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Showing posts with the label Zero Based Budgeting

What Do Rich People Have That The Poor Does Not Have Apart From Money?

  What Do Rich People Have That The Poor Does Not Have Apart From Money?   The rich has money which the poor does not have but aside that, there are other urbane possessions of the rich that the poor don't have and I will just write on10 of such. The rich has money because they have learnt how to make money flow to them effortlessly but the poor would never know or do that These other urbane possessions of the rich include: 1.  Wealth Mindset The rich has learnt that his mindset is everything and thus he guards jealously never allowing weeds and negative thoughts to live therein and making every effort to avoid the victim mentality. But the poor has accepted his condition as his fate and thus makes no efforts to extricate himself from the poverty pool. 2.  Personal and Financial Discipline The rich has taught himself both physical and financial discipline. He does not speak out of tune, he has a cultured mannerism, is often courteous and humble. He also...

Zero-Based Budgeting And Financial Stability

  Zero-Based Budgeting And Financial Stability   If you want to be able to account for every dollar that comes in and goes out each month, zero-based budgeting is one solution. The goal of this budgeting strategy is to give every dollar a purpose. When your finances are thrown off, a zero-based budget might help you avoid spending money. What is a Zero-Based Budget, and how does it work? A zero-based budget means you're allocating every dollar you earn each month to a specific financial goal. You should have no money left over for the month once you figure out how much you need to set aside for costs, savings, and debt payback. In other words, in zero - based budgeting, the amount of money coming in equals the amount of money leaving. This benefits you in two ways: first, you'll know exactly where every dollar goes each month. So you won't have to predict how much money you'll have leftover or whether you'll have a budget shortage. Second, zero...