The procedure for creating a zero-based budget involves three steps: (1) list all monthly income, (2) list all expenses, including planned giving, saving, and spending, and (3) subtract the total expenses from the total income to ensure the result is zero.

Authors

• Person: Not available Organization: Ramsey Solutions
  The Basics of Personal Finance - Ramsey Solutions

Sources

• The Basics of Personal Finance - Ramsey Solutions www.ramseysolutions.com Ramsey Solutions via serper

Referenced by nodes (2)

• zero-based budgeting concept
• budgeting concept