# Professor Constantine Yannelis explains why "zero-based budgeting" can be helpful in managing personal finances

1 Faculty News February 2, 2017 ![KHOU logo 192 x 144](/sites/default/files/styles/246w/public/assets/images/khou192x144_0.jpg?itok=PEfmVut-)>

Excerpt from [KHOU](http://www.khou.com/money/magnify-money/why-everyone-loves-the-zero-sum-budget/395933731) -- "'The main reason people use zero-based budgeting is to control their spending habits in the face of impulsive behavior,' says Dr. [Constantine Yannelis](http://www.stern.nyu.edu/faculty/bio/constantine-yannelis), an assistant professor of finance at NYU Leonard N. Stern School of Business."

[Read more](http://www.khou.com/money/magnify-money/why-everyone-loves-the-zero-sum-budget/395933731)