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A budget is a written plan for your money. Simple enough, right?

Well, even though it might sound simple, it’s often easier said than done. But when you commit to doing a written budget every single month on purpose, it actually gets easier and easier.

Growing up, you probably thought a budget was just your parents’ way of reining in your spending when you asked to go to the movies—multiple times a week. After all, “money doesn’t grow on trees, ya know.”

Zero-based budgeting is the proven method for budgeting. As we shared earlier, a zero-based budget is when all your income minus all your expenses equals zero. When you use a zero-based budget, you give every dollar a name, a job, and a purpose.

Here’s how it works: All the money going out should be the same amount as the money coming in. So, if you make $5,000 a month, you’re giving all $5,000 a job: paying bills, saving money, paying off debt, and living life! When you add in every source of income and then subtract every single expense, your budget should end up at zero. Business loans.