Budgeting Basics: Zero-Based Budgeting for your Family

Name: Budgeting Basics: Zero-Based Budgeting for your Family
Rating: 4.5 (161 reviews)

Learn from a published author, blogger, and family man. 2000+ students have completed this course!

Created byNick French

Last updated 4/2021

English

What you'll learn

The basics of budgeting
The concept of Zero-Based Budgeting
Allocating your income
How to track your income
How to involve your partner
A demo of the everydollar budget program
About intentional spending vs impulsive spending
How to save money on grocery shopping

Course content

3 sections • 11 lectures • 1h 9m total length

Welcome!0:44
Welcome to the course and thank you for your purchase. I sincerely hope you find value in the course content and resources. If so, please consider leaving a review.
Introduction1:42
Get to know who I am, what we will be talking about and why I'm the right person to be educating you on this topic.

What is a Budget?11:03
By understanding the basics of a budget, we can then build on that with more interesting concepts like Zero-Based Budgeting. Understanding the definition of a budget is rarely enough to take action. We want to understand what a budget can do for us!
Zero-Based Budgeting10:31
Zero-Based Budgeting ensures that every dollar of income has a purpose. We don't want money to fall through the cracks and remain unaccounted for. By focusing our intentions we can pay off debt quicker, save faster, and invest at a higher rate.
Sinking Funds5:38
Sinking funds are a modern version of "layaway" if you remember that. They're a great tool for intentionally saving for future expenses.
Income Tracking7:35
It's imperative that you get a better relationship with your income. Only by understanding how much you're actually earning each month can you then make plans to increase that income or how you will spend that income. If we don't know how much we're earning, we can't possibly be sure to spend below our income.
Involving your Partner12:19
Involving your partner can be difficult. The reason being, you're interested and they may not be. By meeting your partner where they're at and by using the resources provided, you may be able to slowly bring them to your side of the fence when it comes to budgeting and personal finance.

EveryDolar Budget App Demo6:07
Enjoy this inside look of the EveryDollar budget app by Dave Ramsey. This is the app that we have used for about 3-years. I'm not an affiliate for the product, just a happy user.
#DIFYB? (Does It Fit Your Budget?)6:32
This is a fun, interactive way for me to see my audience. If you utilize the #DIFYB and tag me on Instagram, I'd love to connect with you and see how you're progressing.
Save Money on Grocery Shopping6:01
Groceries and food are one of the biggest budget killers for a family. We need to get very intentional with our spending in these categories. I've included a shopping list resource that we use every month. We need to start shopping with a plan!
Knowledge Check
Thank You!1:16
Thank you for completing this course on budgeting basics. If you have any questions, please connect with me. Don't forget your certificate!

Requirements

None

Description

With thousands of students and 4.5 stars. This course has been a game-changer for many.

Zero-based budgeting is a term commonly used in business. You may have heard of the every dollar budget as made famous by Dave Ramsey. We want to ensure that every dollar of income generated by your household has a purpose. That may be saving, investing, bills, or groceries. By fully understanding our inflows and outflows of household cash we can make more intentional decisions with our money.

Too many Americans are living beyond their means. We want to live below our means so that we have a surplus of cash to save and invest. This is how wealth is built and how we can achieve financial independence. The more you earn, the more you reduce your budget, and the more efficient you are, the faster you can achieve financial independence.

What's the alternative? Staying in debt? Losing your credit score, your car, or even worse, your house?

Households generate income, have expenses, and provide value to society. The highest performing businesses are those that generate significant cash flow. A zero-based budget is a proven way to improve efficiency and generate free cash flow in your household. This cash flow is what we use to pay down debt, save for emergencies, and invest in our long-term goals.

Who this course is for:

Families looking to gain control of their household finances, spend less than they earn, and begin to build true wealth

Budgeting Basics: Zero-Based Budgeting for your Family

What you'll learn

Explore related topics

Course content

Introduction2 lectures • 2min

Budgeting Basics5 lectures • 47min

Application4 lectures • 20min

Requirements

Description

Who this course is for: