Today Josh and Amelie dive into a conversation about various budgeting methods, and why the personal finance budgeting methods are all really just…hybrid methods of cashflow budgeting!
Top takeaways:
- Technically, rollover budgeting is looking at what was spent/used the previous month and rolling it over to the next month.
- Technically, zero-based budgeting is starting over from scratch every year (not month) and receiving requests from various business departments for what they need.
- Cashflow budgeting is looking at expenses for the year, planning out when income is coming in, and figure out how to make everything work.
- Using a zero-based budget on a monthly basis can easily create a lot of stress, but can be helpful once a year.
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