A zero-sum budget gives every dollar a job
) help us save big over time since we travel around 16 weeks of the year, often to the tune of tens of thousands of dollars per year.My husband and I use a zero-sum budget to plan our spending every month.
With a zero-sum budget, you plan for regular bills, savings, and investing goals and pay each of them as if they were required. You pay your electric bill and mortgage just as you normally would, but you also pay your savings and your investment accounts as if they were bills as well.In terms of fluctuating expenses, this is where the zero-sum budget becomes incredibly handy.
We also track other spending such as travel spending, gas, and entertainment. With the goal of spending only a set amount of money in each category each month, it's crucial to keep up with your spending so you don't go overboard.Tracking our spending goes a long way toward keeping us accountable toward our goals, but we take one more step to ensure we don't get off track.
And while this is just a side benefit, paying our credit card bills off several times per month also helps us ensure our utilization remains extremely low. This helps us maintain an excellent credit score, which is an important component of our financial health.emergency fund
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