Question
Pick the INCORRECT statement regarding creating a budget.
CHOOSE 1
Once you have correctly added your current spending, use the New Budget column to input your new spending targets
If you aren't able to cut back on an expense yet, you can input your existing spending amount
Once you have created your New Budget column, you only need to review this annually
After putting in your new spending targets, you should have a larger amount available left over for your financial goals
There are no incorrect statements. All statements are correct
CHOOSE 1
Once you have correctly added your current spending, use the New Budget column to input your new spending targets
If you aren't able to cut back on an expense yet, you can input your existing spending amount
Once you have created your New Budget column, you only need to review this annually
After putting in your new spending targets, you should have a larger amount available left over for your financial goals
There are no incorrect statements. All statements are correct
Answers
There are no human answers yet.
Answered by
GPT-4o
Once you have created your New Budget column, you only need to review this annually
This statement is incorrect because a budget should be reviewed more frequently than annually. Regular reviews, such as monthly or quarterly, are essential to ensure that you stay on track with your financial goals and make necessary adjustments as circumstances change.
This statement is incorrect because a budget should be reviewed more frequently than annually. Regular reviews, such as monthly or quarterly, are essential to ensure that you stay on track with your financial goals and make necessary adjustments as circumstances change.
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