http://www.frugalpinoy.com/budgeting/zero-based-budgeting-101/ A Financial Freedom Guide for Filipinos Wed, 08 Feb 2012 14:41:58 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.frugalpinoy.com/budgeting/zero-based-budgeting-101/#comment-79 Ramon V Estanislao, lll Thu, 30 Dec 2010 23:03:35 +0000 http://frugalpinoy.com/saving/zero-based-budgeting-101/#comment-79 I'm a goverment employee, this coming year we are moving away from the the traditional incremental budgeting and adopt zero-based budgeting. What I am thinking now is to use zero-based budgeting in managing our family income and expenditure. Practice makes perfect. If my wife and I can manage our resources efffectively at home, then surely I can do the same with the funds of our organization. When I get back to the office I will share this article to my co-employees. I’m a goverment employee, this coming year we are moving away from the the traditional incremental budgeting and adopt zero-based budgeting. What I am thinking now is to use zero-based budgeting in managing our family income and expenditure. Practice makes perfect. If my wife and I can manage our resources efffectively at home, then surely I can do the same with the funds of our organization. When I get back to the office I will share this article to my co-employees.

]]> http://www.frugalpinoy.com/budgeting/zero-based-budgeting-101/#comment-78 Maru Sun, 11 Apr 2010 05:23:44 +0000 http://frugalpinoy.com/saving/zero-based-budgeting-101/#comment-78 It's good to know there's actually a word for the kind of budgeting that I have been doing. I use to do the envelope approach as well (this was before online banking). Each expense (with savings considered as an expense) has its own envelope. Each payday, a certain budgeted amount goes to that envelope. I was able to monitor the ins and outs of my money and had the peace of mind that everything has been accounted for. At the end of the month, I check each envelope for extra money and put it away as savings or use it to reward myself. Looking back, I could not believe how I was able to send my siblings to school, pay for all the bills in the house and still has some savings left in the bank (I'm part of the half-sandwich generation). Thanks for the article... It’s good to know there’s actually a word for the kind of budgeting that I have been doing. I use to do the envelope approach as well (this was before online banking). Each expense (with savings considered as an expense) has its own envelope. Each payday, a certain budgeted amount goes to that envelope. I was able to monitor the ins and outs of my money and had the peace of mind that everything has been accounted for. At the end of the month, I check each envelope for extra money and put it away as savings or use it to reward myself. Looking back, I could not believe how I was able to send my siblings to school, pay for all the bills in the house and still has some savings left in the bank (I’m part of the half-sandwich generation).
Thanks for the article…

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