WalletHub: SU's Emerson Discusses Zero-Based Budgeting
Zero-based budgeting is a strategy that involves assigning each dollar of income to a specific monthly expense, so income minus expenses always equals zero. “Zero-based budgeting is especially effective for people who want their money to have a clear purpose,” said Dr. David Emerson, Salisbury University associate professor of accounting. “It works well for anyone entering a transition — graduating, starting a career, combining finances after marriage, buying a home, or recovering from financial setbacks — because it forces you to see exactly what you can afford and what needs to change"
Read More