What is the most effective budget?

In the 50/20/30 budget, 50% of your net income should go to your needs, 20% should go to savings, and 30% should go to your wants. If you've read the Essentials of Budgeting, you're already familiar with the idea of wants and needs.

What is the zero-based budget the best method of budgeting?

Zero-based budgeting is when your income minus your expenses equals zero. Perfect name, right? So, if you make $5,000 a month, everything you give, save or spend should add up to $5,000. Every dollar that comes in has a purpose, a job, a goal.

Why is the zero-based budget the most effective type of budget Quizlet?

The zero-based budget is the best method of budgeting because: The zero-based budget ensures that every dollar you make is assigned a specific purpose.

Which description is most accurate for a zero-based budget?

Which description is most accurate for a zero based budget? You put every dollar of your take home pay into a budget category each month.

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