**Starting plans for future expenses from *zero*, rather than from the pre-existing plan, to avoid the [[Sunk Cost Bias]].** Zero-Based Budgeting is a financial technique that avoids the sunk-cost bias. Rather than plan your future expenditures starting from what the pre-existing plan said, you start from zero. > [!tip] Everything you had previously committed to needs to be re-committed to if it's truly still worth it. This can (and should) also be done with goals and planned usage of time. Just because you *were* going to do something doesn't mean it is necessarily the best thing to do still. This is also one of the claimed benefits of [[Bullet Migrating]] of tasks in the [[Bullet Journaling]] **** ### Source - [[Essentialism]] ### Related - [[Sunk Cost Bias]] - [[Antifragile Planning Method]] + [[Decide and Move On]]