Hope for your financial life and beyond

How to Make a Zero Based Budget in 3 Easy Steps

One task that may not be apparent to first time budgeters is to create a zero based budget. My wife and I had tried to make a monthly budget before but for one reason or another, our budgets never seemed to work. Putting this step in place helped us lesson those failures and moved us towards a place of continual success with our budgets.

zero based budgetThe process of putting a zero based budget together is not hard to understand. Like any other budget it does require some planning and attention throughout the month. You might have to tweak some numbers here and there as the month unfolds and life happens. In my opinion it’s the best type of budget to put together as it leaves no room for money to go unaccounted for.

It’s important to have records of where money goes. With records, you have built-in accountability that shows where you spent your money. You begin to see patterns of how you spent your money over time. Then, you can then make changes if those patterns reveal things you don’t like about your spending.

So, let’s walk through the process of how to put together a zero based budget.

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Sinking Fund: The Best Way to Save Money for Christmas Gifts (or anything)

sinking fund

Do you hate Christmas shopping? About ten years ago, that was my wife and I. It took enormous amounts of time and energy. But more than that, it played havoc on our monthly budget. In December, we'd have to come up with money for Christmas gifts out … [Continue reading]

How to Be Sure Children Should Get Your Inheritance Money

inheritance

The question comes at some point in everyone's life - "Who will I leave my inheritance too?" If you are in your 20s, the thought probably hasn't crossed your mind yet. But it's most definitely been thought of by people in their 40s, 50s and beyond, … [Continue reading]

12 Short Bible Verses that Pack a Powerful Message

short bible verses

There is no doubt about it - the Bible is a big book. Within its pages you will find over 31,000 verses that teach, guide, warn and encourage. It's so long, many people embark on a long journey to read the Bible in a year. And while all the verses … [Continue reading]

2020 Goals That Will Make This the Best Decade Ever 

2020 goals

Boom! Just like that, it's over. In a few days we are set to close out a whole decade and begin a new one. By some accounts, we just experienced the best decade ever. Could bigger and better be yet to come? I believe so. But that bigger and better … [Continue reading]

If You Do Anything This Year, Please Consider Receiving This Gift

“…the gift of God is eternal life in Christ Jesus our Lord.” - Romans 6:23 How are those Christmas gifts working out for you? What level of satisfaction are you receiving from them? Wish you had received something else? Gifts are awesome! My … [Continue reading]

A Christmas Memory That Still Challenges Me to This Day

christmas memory

I really do love the Christmas season. I know it's hectic, that travel is often a nightmare and that the weather can sometimes wreck your plans. Each of those issues may bring back a Christmas memory you’d rather not recall. Despite all that, I … [Continue reading]

What Does God Want Me to Do with My Life?

what does God want me to do

At some point you’ve probably asked the question, What does God want me to do? You may have asked that in relation to your life in general or because of some problem or big decision you were facing. Either way, it's a difficult question to answer. … [Continue reading]

15 Bible Verses to Remind Us to Be Thankful

thankful bible verses

I'm am thankful Bible verses exist to keep me thinking the right way. I often forget how many things I have to be thankful for. It’s much easier for me to let the worries and frustrations of life overshadow all the blessings I enjoy. But doing that … [Continue reading]

How to Invest 1,000 Dollars at Age 18

friends

A while back, I had a conversation with a former student of mine who is looking to invest in the stock market. He was in college and had some money sitting around that he didn't need for school. He wanted to know how to invest 1,000 dollars and … [Continue reading]

A Beginner’s Guide to Home Remodeling Costs

home remodel project

The first house my wife and I owned was brand spanking new - right out of the box. We walked in to fresh paint, clean carpets, new appliances and a cute little covered porch right off the back door. Everything was so perfect. We had no home … [Continue reading]