Step 3 of 5
Budget

Get on a budget.

Okay. So, you’ve made the decision to stop borrowing money. That’s awesome. Now, you need to know where your money is going. That’s called a budget.

Did you know there’s a right way and a wrong way to budget? A zero-based budget is the right way. It helps you know where every dollar is going. And coming up, you’ll get access to a free budgeting app that will make doing your budget the right way simple and easy.

+What's a zero-based budget?

Zero-based budgeting is a way of budgeting where your income minus your expenses equals zero. With a zero-based budget, you have to make sure your expenses match what’s coming in during the month and you’re giving every dollar a job to do.

Now that doesn’t mean you have zero dollars in your bank account. It just means your income minus outgo (expenses and savings) equals zero. Read more