Timeline for When using a zero-based budget, how do I account for money already in my bank account?
Current License: CC BY-SA 3.0
10 events
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Jun 26, 2012 at 19:19 | answer | added | Tim Whitcomb | timeline score: 2 | |
Jun 26, 2012 at 14:16 | history | edited | Waddler | CC BY-SA 3.0 |
My original question asked about savings, I meant the money in our checking account.
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Jun 26, 2012 at 12:04 | comment | added | user | Like JoeTaxpayer points out, a budget deals with cash flow, whereas assets are dealt with on a balance sheet. They are related, but serve different purposes. | |
Jun 26, 2012 at 4:34 | history | tweeted | twitter.com/#!/StackFinance/status/217475939242737664 | ||
Jun 25, 2012 at 21:30 | history | edited | MrChrister | CC BY-SA 3.0 |
edited tags; edited title
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Jun 25, 2012 at 20:26 | answer | added | JTP - Apologise to Monica♦ | timeline score: 3 | |
Jun 25, 2012 at 19:32 | comment | added | Dilip Sarwate | In that case, see this answer to a recent question about how to account for savings when doing budgeting. Best of luck in your endeavors. | |
Jun 25, 2012 at 19:25 | comment | added | Waddler | Sure. I've heard it called zero-based; but yes, Income - outgo = 0 is what we're looking to do. #BalancedBugdet | |
Jun 25, 2012 at 19:01 | comment | added | Dilip Sarwate | Do you mean zero-sum budgeting? Zero-based budgeting is generally for government entities who assume that the budget approved for the current year is essentially approved for upcoming year and all that needs to be justified is changes from the current budget. | |
Jun 25, 2012 at 18:28 | history | asked | Waddler | CC BY-SA 3.0 |