How To Be More Intentional With Your Money, Starting Now!

Method Critiques

Rachel Cruze critiques popular budgeting methods like the 50/30/20 rule and the 60% solution, highlighting their limitations. She argues that these methods often fail to account for individual financial situations, such as debt repayment and wealth-building opportunities. Rachel emphasizes the importance of personalizing budgeting strategies to fit one's financial goals and circumstances, rather than adhering to rigid percentage-based formulas 1.

I don't like the set percentages. I like you deciding what to do with your money.

--- Rachel Cruze

She also points out that having too many budgeting options can lead to decision fatigue, making it harder for individuals to take action 2.

   

Zero-Based Budgeting

Zero-based budgeting, or the "every dollar budget," is presented by Rachel as a superior method for managing finances. This approach involves allocating every dollar of income to specific expenses, ensuring that the budget balances to zero. Rachel explains that this method provides detailed control over spending and empowers individuals to be intentional with their money 3.

It helps you take the power back when it comes to your spending.

--- Rachel Cruze

She recommends using the EveryDollar app to simplify the process and encourages listeners to start using it to gain financial control and clarity 3.