{"id":5162,"date":"2019-04-05T02:10:53","date_gmt":"2019-04-05T02:10:53","guid":{"rendered":"https:\/\/www.thebossyhouse.com\/?p=5162"},"modified":"2020-11-13T00:24:28","modified_gmt":"2020-11-13T00:24:28","slug":"budgeting-system","status":"publish","type":"post","link":"https:\/\/www.thebossyhouse.com\/budgeting-system\/","title":{"rendered":"The Bossy House Budgeting System"},"content":{"rendered":"

\"The<\/span><\/p>\n

Every month, my bank account goes down to zero. AND YOURS SHOULD TOO. <\/strong><\/p>\n

Creating a personal budgeting system can be complicated, but here I’m going to simplify this amazing new way to think about your finances. I call it The Bossy House Budgeting System. <\/p>\n

Dave Ramsey<\/u> <\/a>uses what he calls a “zero based budget.”  Jimmy Carter apparently introduced the same idea to the federal government. <\/p>\n

The whole concept is that every single month, you should create a plan that uses every single dollar you earn. <\/p>\n

How does The Bossy House Budgeting System work?<\/h2>\n

What are you doing now? Probably getting your paycheck and immediately paying your bills. Whew– you met your obligations. But did you meet your goals? <\/strong>What about that lingering debt or your dwindling savings account? What about saving for college or retirement? <\/p>\n

I’ve been there. You track your spending and create a budget based on what you think you need each month. It looks like you should have hundreds of dollars to devote to savings or debt. <\/p>\n

Then you reach the end of the month and you have… nothing<\/strong>. <\/p>\n

You’ve given up your morning latte but it hasn’t made a difference. You never see that $5 a day again.<\/p>\n

You make detailed plans to pay down debt or build up savings that seem reasonable, but you can’t find that extra money after you pay your bills and go out to dinner a few times.<\/p>\n

The “Down to Zero” concept means you create a plan that uses every single dollar you earn. <\/h4>\n

And wouldn’t it be nice to go out to dinner a few times without feeling guilty<\/strong>? Or what about reaching the end of the month and not feeling regret<\/strong>?  <\/p>\n

You’re not alone. 70% of Americans save less than 10% of their total income<\/u><\/a> <\/u>every year. Most of them cite “expenses” as the reason. Sound familiar?<\/p>\n

This budgeting system is a plan to use every dollar in your bank account for something, and it prompts you to start with your goals instead of your bills. <\/p>\n

The best part? My budgeting system does not rely on penny pinching to get financial freedom, but instead helps you make a plan you can stick to!<\/p>\n

\"\"<\/span><\/p>\n

What are the steps to create a down-to-zero budget?<\/h5>\n