Dave Ramsey teaches that a zero based budget is only real way to budget, by giving every single dollar an assignment. Every month, income minus outgo should equal zero. This does not restrict your money and spending, but gives you control over things. Don’t be afraid of a budget! Dave says “your biggest wealth building tool is your income.” According to Financial Peace University surveys, “people who do a zero based budget (versus those who don’t) pay off 19% more debt and save 18% more money.” Think of the power in that! So for this month of October, sit down with your spouse and write out a budget. You will be amazed at what you can do!
If you’re curious to learn more, check out daveramsey.com, or talk to Donovan or Louise Johnson about upcoming Financial Peace University courses.