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16. Zero-Based Budgeting: What It Is and Why It Works
Are you tired of checking your bank account and playing a guessing game with your money? In today’s episode, we are diving into the world of Zero-Based Budgeting.
In this episode, we cover:
- What Zero-Based Budgeting actually is: Hint: It’s not about having $0 in your bank account! It’s about giving every single dollar you have right now a specific job to do before you get paid again.
- Why it’s a total game-changer: We talk about how this method eliminates that stressful "mental accounting" we all try (and fail) to do in our heads.
- Embracing your True Expenses: How to prepare for those "unexpected" costs—like car repairs or the vet bill for your favorite fur baby—so they become a total non-event.
- Flexibility and Clarity: Why a budget isn't a "restriction," but a roadmap that allows you to move money around when life happens (because it always does!).
- My favorite tool: Why I use YNAB (You Need A Budget) for my personal household and both of my businesses to stay in total control.
RESOURCES MENTIONED IN THIS EPISODE:
FREE Beginner's Budget Guide: https://www.theexuberantelephant.com/guide
ADDITIONAL RESOURCES:
Blog Post: Mastering YNAB’s Four Rules for Budgeting
Blog Post: The Five Questions That Transform How You Budget
YNAB Made Easy Course: https://www.theexuberantelephant.com/ynab-course
---
❇️ Join The Empowered Money Circle on Skool! ❇️
https://www.theexuberantelephant.com/emc
🟪 FREE RESOURCES: https://www.theexuberantelephant.com/downloads
🟪 EVERYTHING PAGE: https://www.theexuberantelephant.com/everything
🟪 BLOG: https://www.theexuberantelephant.com/blog-home
➡️ Try YNAB for FREE for 34 days: https://theexuberantelephant.com/ynab (affiliate link)
---
DISCLOSURES
By using the affiliate links above, I may earn a small commission if you decide to purchase anything. Thank you for your support :-)
YNAB Disclosure: I am a YNAB Certified Budgeting Coach, which means that I have been trained to coach people on using YNAB software and the YNAB budgeting method. I have met select requirements of You Need a Budget LLC in order to receive this certification, which means that I have the ability to competently coach YNAB to others. I am not an employee of YNAB, and all non-YNAB related opinions and recommendations are my own. My views do not reflect the views of YNAB and its employees or affiliates.
View all episodes
By Lindsey CiarroccaAre you tired of checking your bank account and playing a guessing game with your money? In today’s episode, we are diving into the world of Zero-Based Budgeting.
In this episode, we cover:
- What Zero-Based Budgeting actually is: Hint: It’s not about having $0 in your bank account! It’s about giving every single dollar you have right now a specific job to do before you get paid again.
- Why it’s a total game-changer: We talk about how this method eliminates that stressful "mental accounting" we all try (and fail) to do in our heads.
- Embracing your True Expenses: How to prepare for those "unexpected" costs—like car repairs or the vet bill for your favorite fur baby—so they become a total non-event.
- Flexibility and Clarity: Why a budget isn't a "restriction," but a roadmap that allows you to move money around when life happens (because it always does!).
- My favorite tool: Why I use YNAB (You Need A Budget) for my personal household and both of my businesses to stay in total control.
RESOURCES MENTIONED IN THIS EPISODE:
FREE Beginner's Budget Guide: https://www.theexuberantelephant.com/guide
ADDITIONAL RESOURCES:
Blog Post: Mastering YNAB’s Four Rules for Budgeting
Blog Post: The Five Questions That Transform How You Budget
YNAB Made Easy Course: https://www.theexuberantelephant.com/ynab-course
---
❇️ Join The Empowered Money Circle on Skool! ❇️
https://www.theexuberantelephant.com/emc
🟪 FREE RESOURCES: https://www.theexuberantelephant.com/downloads
🟪 EVERYTHING PAGE: https://www.theexuberantelephant.com/everything
🟪 BLOG: https://www.theexuberantelephant.com/blog-home
➡️ Try YNAB for FREE for 34 days: https://theexuberantelephant.com/ynab (affiliate link)
---
DISCLOSURES
By using the affiliate links above, I may earn a small commission if you decide to purchase anything. Thank you for your support :-)
YNAB Disclosure: I am a YNAB Certified Budgeting Coach, which means that I have been trained to coach people on using YNAB software and the YNAB budgeting method. I have met select requirements of You Need a Budget LLC in order to receive this certification, which means that I have the ability to competently coach YNAB to others. I am not an employee of YNAB, and all non-YNAB related opinions and recommendations are my own. My views do not reflect the views of YNAB and its employees or affiliates.