Reported 2 months ago
Zero-based budgeting is a financial strategy that starts from scratch each period, helping individuals allocate every dollar to necessary expenses rather than relying on past budgets. With many Americans feeling financially strained, this approach can increase financial awareness and assist in achieving both short-term goals and long-term wealth, especially as over 60% lack sufficient retirement savings. Wealth advisor Scott Ward explains how this budgeting method empowers individuals to effectively manage their finances and prepare for unexpected changes.
Source: YAHOO