Traditionally, the envelope method involves making categories for all your expenses, writing those categories on a bunch of envelopes, then putting a set amount of cash inside each envelope each paycheck. You only spend from those envelopes. When you take money out for expenses, you can see exactly how much is left.
Zero-sum budgeting means every dollar of income you bring in is accounted for. When you get your paycheck, you know exactly how much is going towards food, gas, entertainment, savings, etc. When you’re done budgeting, you have no money left over.
We’ve made budgeting in a Google Sheet even easier with the release of our new budget template. Of course powered by Tiller’s automatic daily feed of bank transactions and balances, we’ve kicked it up a notch with some awesome new features to help you budget your way.
How to budget for irregular income: Big lump sum income, followed by zero income, is familiar to contractors, freelancers and commissioned salespeople. But even those willing to adhere to a budget struggle with managing their irregular income.
If you love Google Sheets as much as we do, you’ve probably already discovered Ben Collins. He recently published an essential post, “10 techniques to use when building budget templates in Google Sheets.”
What if we told you that the best budgeting app isn’t an app at all? Sound like a contradiction? Here’s why it’s true…
Think you might be doing things “wrong” with your budgeting? Here’s why you’re probably getting more right than you think.
