MoneySlinger Creator Lee Roesner Explains the Importance of Mean-Based Budgeting
Channel: David Domzalski
Date: 2012-04-18

On Tuesday, April 17, 2012, MoneySlinger creator Lee Roesner joined David Domzalski on Financial Bin Radio to talk about how his program uses means-based budgeting.

From MoneySlinger.com:

"Today, most traditional personal budgeting systems (if not all) use an accounting method normally referred to as zero-based budgeting. What you're learning about here is MoneySlinger's unique mean-based budgeting system, and how MoneySlinger changes the rules of money management in your favor. 

At the core of zero-based budgeting systems, while computerized today and adorned with a lot more eye candy, are the same rudimentary accounting principles that stay the "accounting" tradition of, well, bean counting.

Put another way, zero-based budgeting methods get the job done alright, but they require you to keep your focus (and continuous effort) on managing all your trees, while in contrast, MoneySlinger will teach you how to focus on and manage the forest instead. The difference? If done right, the bird's eye view and control you can achieve over your cash flow using MoneySlinger, will allow you to manage your forest with the snap of your fingers (well, three snaps actually).

So if you're not satisfied with your current personal budgeting system, or you've tried and failed at money management as an individual or as a family in the past, you may want to take a look at a whole new approach to personal budgeting and money management."