It seems not a day goes by that the headlines don’t contain a sensational story about some celebrity couple going through a divorce. But even if your names aren’t Angelina and Brad, there are major considerations to take into account.
If you’ve ever paid attention to money guru Dave Ramsey, you’ve probably heard him talk about zero-based budgeting. It’s his favorite method for taking control of personal finances, and it’s a hot topic. It puts you in total control over your money, making every dollar work for you. In fact, zero-based budgeting can be a great first step down the road to financial freedom. And it’s simple to do — no fancy apps needed (although they certainly can help!). But what the heck is it?
When I was 26 I got a financial wake-up call. I was underemployed, making $900 a month and carrying student loan debt. I’d graduated college three years earlier with $25,302 in debt and hadn’t been able to find a full-time job. I was stuck in the part-time job and low-income loop, and I didn’t know how to get out.
We live in a time when you can keep your calendar on your phone, carry your debit card in your back pocket, download a personal finance app to keep track of your spending on the go, even sign important documents electronically. Balancing your checkbook seems like an old-fashioned task, but is it still something you need to do?