Reader Interactions


  1. I like the principal of the zero-sum budget. But, I also find that slackers have a hard time with it. That being said…knowing where every dollar goes is a great thing! Whether you use a zero-sum budget or an alternative method, it is SO important to have a budget. I’m glad you put the list together and hopefully lots of people listen to this advice!

  2. My wife and I sat down last night to make a new budget for the rest of 2018. 🙂

    Besides knowing where every dollar goes, we create sub-accounts in our bank account so we don’t forget to set aside money for our large lump-sum expenses like property tax, insurance, and vacation.

    Being able to visually track our saving progress means we don’t have to scratch our heads and think what payments are still floating but haven’t been withdrawn yet. Overdraft fees sting, and we got sick of paying them because we forgot an expense or two.

    • For your sub-accounts, do you just track them in a spreadsheet, or does your bank actually allow you to do that on their end somehow?

      • I can check the account balances in real time on the bank website, but we have to track our expenses with our own spreadsheet for each account.

        We mostly do it to categorize our monthly spending and schedule automatic transfers so we don’t forget one month. So on the 1st of each month we might have $200 automatically transferred to a sub-account that pays our property tax and homeowner’s insurance.

  3. You can use the Mint app to keep track of expenses and different accounts. It is very nifty. Without writing down every expense, it tracks it for you with one or multiple accounts and credit cards.

    • Yes, Mint can be very helpful for budgeting and watching what you spend. 🙂

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