We didn’t just name Rule One: Give Every Dollar A Job because it sounded better than “Give Most Dollars A Job.” There are a lot of reasons why budgeting to zero is the only way. (Yeah, I said it.)
When you are budgeting every single dollar there is a sense of perceived scarcity – a constant give and take – that forces you to make choices. It helps your priorities rise to the surface and when you are spending with intention, with clear priorities, your reality will start to change.
(Also, be sure to watch the video, there’s a whole bit about the “Savings Blob” you won’t want to miss.)
If you can’t wait until next week for more whiteboard wisdom, you can view the entire library here. If you have a question or an idea you’d like us to address in a future Whiteboard Wednesday episode – we’d love to hear from you! Email us at [email protected]
Until next time…