Your Personal Economy

Is Zero-Based Budgeting Better Than 50/30/20?

Beverly Harzog Episode 27

If you’re trying to figure out which budgeting method to use, I’ve got answers for you. I go over the pros and cons of zero-based budgeting and 50/30/20. 

The best method for you depends on your debt, income, available time and other factors. Plus, I introduce another way to budget—60/20/20—that might be best for those in high cost-of-living areas or those with credit card debt.