'Simple monthly budgeting method that stopped my overspending'

A savvy saver has revealed the budgeting method she uses to prevent overspending. Beth Fuller, who posts about her finances as @bethmfuller , shared the recommendation on her TikTok account. In one of her popular videos, she wrote: "The budgeting method that stopped my overspending.

" Then, Beth explained how she uses "zero-based budgeting" to "save more money and prevent overspending." Beth said "I share my budgeting every month, but I never go into the actual method of budgeting that I use, and it is honestly one of the best things that I've done for my money. I do zero-based budgeting, and that is where you account a purpose to every bit of your money, basically.



" She explained: "So, I go over my bills like my fixed expenses first. Then, I focus in on my disposable income, and I make sure that that disposable income is all accounted for, from food, petrol, subscriptions, and of course, any overpayments I want to make, saving and investing too. "So, when I get to the end of my budget, I'm essentially left with zero, like I have 'spent' all the money.

For me, it stopped me from thinking that I have tons of disposable income every single month to just spend." Beth continued: "It's also so good for understanding your variable spending too, so like food and petrol. Typically, food used to trip me up quite a lot, but now I can look back and see an average and then I budget for that average and it just captures things really well for me.

" According to PayPal, zero-based budgeting is "a budgeting style where every expense must be justified for each new period, starting from a zero base. That means that each month, income minus expenses should equal zero. "That doesn't mean there will be a zero balance in the bank account at the end of the month.

Part of that budget can go to savings, or paying off debt. Simply put, zero-based budgeting is about assigning every pound a job." PayPal says: "Whether a self-employed single person or a dual-income home with children, zero-based budgeting's flexibility means that it can be easily adapted.

From giving a clear vision of debt and savings goals to helping eliminate surprise expenses, zero-based budgeting is an approach worth considering.".