The ‘zero option’: the popular method of saving money while still paying off your debts and a mortgage

Oct. 9, 2024 - The Irish Times

From her mortgage repayment to childcare costs and savings, right down to family birthdays, with zero-based budgeting “every penny has a purpose”. READ MOREWhat is zero-based budgeting? Zero-based budgeting means running your current account as if you’re running a business: you account for every penny that comes in and goes out.

Zero-based budgeting is a “highly intentional approach” that can feel empowering for some people, says money coach Kel Galavan of @mrssmartmoneyhq. “‘If I started again, would I need that cost?’ That’s what’s good about zero-based budgeting: you take cost out rather than just manage cost.

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