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WCI #258: How to Set Up a Budget, and Why It Can Be So Valuable

White Coat Investor Podcast

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What Are the Different Types of Budgets?

Jim Boulden: Let's talk about the different types of budgets. He says a line item budget is where you account for every dollar coming into your household. A zero base budget is kind of similar thing where you're giving each dollar a job, he says. Most of the time it's 50% 50% of your money goes towards your needs and 20% to savings, writes Boulden.

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