![]() Got money left over? First, throw some confetti and do a celebration dance. The 7 Baby Steps are the proven, guided path to save money, pay off debt, and build wealth. (Aka how to win with money.) They are the seven money goals that will take you from where you are to where you want to be. ![]() Now, let’s talk about what to do if you subtract your planned expenses and end up with a negative number. This means you’re spending more than you make, and that just won’t work. Get out your metaphorical hedge clippers, and trim that budget. That can mean lowering your planned spending amounts where you’re able, or it can mean cutting spending. (FYI, start with the restaurant line! Food is where we Americans tend to overspend the most. Meal planning can help you get the most out of your food budget.) You can also up your income by starting a side hustle, selling stuff, or finding some other way to make extra money. That’s it for making the zero-based budget, but we’ve got two more steps that’ll help you actually stick with it. ![]() So, you can’t just set up that budget and leave it. That gets you literally nowhere with your money. You’ve got to get in there and track your transactions. That means any money that comes in or goes out gets put into the right budget line. When you make $100 from your side hustle, add that to the side hustle income. When you pay the rent, subtract that expense from Housing. When you fill up the gas tank, subtract that from the gas budget line under Transportation. This is how you stay on top of your spending. This is how you keep from overspending.īy the way, you can streamline this process with the premium version of EveryDollar.
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