There's no such thing as a one size fits all budget. We all like to handle our money in different ways and I think there is a budget method out there that can fit each of us, so let’s talk about the zero-based budget.
This budget has a simple concept, give every dollar a specific job. When you take your income and subtract out all of your expenses, you should be left with zero dollars. This type of budget is best for people who have a consistent monthly income. If your income fluctuates month to month, this probably isn't the best option for you.
So start first by listing out all of your monthly income, then list out all of your expenses. The key with this first step is to be as accurate as possible, you don't want to leave anything hanging out there. A zero-based budget only works when your account for all of your expenses.
If after comparing your list of expenses to your income, you have some money left over, it's time to give that money something to do. Maybe you put this extra cash into a savings, a plan for your retirement, or a short term goal, like buying a new TV.
Whatever you choose, make sure that every dollar is accounted for. So, if you're someone who loves digging into every detail of your finances, give a zero-based budget a try.