Lower Home buying Loan Debt with Zero-Based Budgeting

Zero-based budgeting is a fiscal management tool to eliminate loans and debt. Reformers often propose it for government spending but it can help you in your household budget also. I will use it to analyze and evaluate home-building options. For instance, the typical buyer starts with the assumption that the house "should" cost $200,000 and then figures to "save" $1,000 by eliminating a window or using a different wood--even though the house still might be overpriced by thousands of dollars. Instead of starting at a high cost and trying to chip away at it, zero-based budgeting starts at $0 and approves each new dollar as necessary or desired, which minimizes wasted money.