What’s Your Zero Balance?

How much would you like to establish as your zero balance — money you consider to be zero in your bank account? $500? $1,000? More?

A zero balance is what you consider to be the amount of money that is in your bank account that you do not touch; it can also be your emergency-fund.

Some people always want to have a certain amount of cash on them physically, or in their bank account. Establishing a monetary number that you want to maintain in your bank account cultivates a habit of financial discipline and makes it to where you never have less than a certain amount of money in your account.

The benefits of having a zero balance include the following:

  1. Avoid overdraft fees

  2. Maintain a certain level of savings in your bank account for emergencies

  3. Always be certain of the least amount of money you have in your account

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If you have never thought of having a zero balance, then you can aim to start today. How much would you like to establish as your zero balance? $500? $1,000? More? Choose a number that works for you, and make it a goal to not touch this money; this money is your zero balance. This is the amount you consider to be $0 — even though it is more than that.

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