“Zero-sum budget’ involves the calculation of your earnings before making allocations for various other heads. Secondly, you allocate your expenses according to the amount required for each allocation. It aims to account for all the money that you wish to allocate for your expenses.
This concept of budgeting does not allow you to overspend on unnecessary expenses or make over-allocations on any particular head. This is a tailor-made concept and you can add or reduce the budget categories according to requirement.
It is an endless flexible strategy as you can adjust your budget categories ahead of time. This method ensures spending a portion of your income on your saving goals or debts at an early stage to avoid misallocations at the end.
Union Budget 2022-23 Key Highlights
Union Budget 2022-23 updates on ‘virtual digital asset
Union Budget 2022-23 updates on the Agricultural sector
Union Budget 2022-23 Updates on Education and Health Sector
Union Budget 2022-23 updates on Industry and Commerce
Union Budget 2022-23 update on Direct Taxation
Union Budget 2022-23 Update on Startups
Union Budget 2022-23 updates on MSMEs
Union Budget 2022-23 updates on Banking and Finance