Free Simple to Use Zero Based Budgeting Tool Provided by Rate State
Here is a simple Zero based budgeting tool created in Excel for your personal finances that we created for your use. It is based on Dave Ramsey’s “zero based budget”. The idea is that whatever money you bring in per pay period gets 100% allocated to a particular category. If you have excess dollars once you’ve allocated to all the categories then you need to adjust where your money is going.
The End Goal For Your Personal Budget
The end result is that you will know exactly where your money is going every pay period. Another suggestion is to create an envelope for each category and withdraw the pre-determined amount of cash and place it in that envelope. When the money is gone from that envelope, you’re done! (or you move some money from another envelope.)
A Few Closing Reminders
Try to remember that no budgeting system is fool proof. You still need to exercise discipline to make it work. It’s also possible that at first you may not allocate a reasonable amount of money for a particular category. In that case you’re going to run out of dough no matter how well you plan.
Remember to be responsible with your credit card purchases and your willingness to take out loans. Use common sense!
Please Leave Your Comments Below. We look forward to helping you use our excel template