Has anyone used this budgeting method before? 

How have you (if you've done it) or how would you alter it to work for you? 

Briana is a Community Strategist at The Penny Hoarder. Her interests include reading up on building communities, LOTR marathons, ocean conservation efforts (such as volunteering), and playing with her puppy Thor. 

Original Post

This is the first time I have heard about this type of budgeting but it makes a lot of sense.

For a lot of people, it can be a struggle to know what to do when there is extra money somewhere and a lot of times, that money can get spent frivolously.

This type of budgeting method seems like it would be very helpful in eliminating this issue.

get a walmart/American express prepaid card. cost nothing to replenish , and only 5 bux to open , it is accepted a lot of places. and you can put your extra money there ( no cost ) at walmart finance center , 24/7 also if you have a job you can have salary deposited there . from there you can make allotments to savings as well. 

Yes, and I honestly find $0 based budgeting to be challenging. I need a little more wiggle room. I did, however, spend a few months (not in a row!) tracking every penny that was spent and it was the most helpful thing I could have done for my finances. I was able to do this because it was time limited. I could not have successfully done a $0 based budget month after month although it is a great tool to get things 'under control'. 

it is called " BLUE BIRD by Am EX.  to the best of my knowledge it is still available , my daughter started using it  to build a credit history once done with school.  she now banks with our credit union, and is doing well. it is not accepted EVERYWHERE, but she does most of her "paying " online and not had any trouble .

I do the ZERO Balance budget every MONTH. What ever is "left over " goes straight into an interest paying savings account. ( 0,15 %) ha ha ha ha. SHOULD i have un-expected bills i can go there and get things paid for . To leave " extra money" in the account is too dangerous , i may spend it on " stupid " stuff. LOL . However for entertainment value ( everyone needs entertainment and fun), I do have a separate " budget for stupid stuff " LOL.( 10 bux per payday, biweekly for me ) so 20 bux a month OR 240 bux a year. for winter or summer clothes or stupid stuff !!

Zero based budgeting can be challenging.  I have built a buffer into my checking account of $100.  That $100 is $0 for me.  I don't spend it normally.  It is there to protect me from accidental subtraction errors or I forgot to record a utility coming out, etc.  Keeps me from ever accidentally overdrawing the account.

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