Pick the INCORRECT statement about the benefits of automating your finances.

Question

CHOOSE 1
Allocating savings and investment contributions as soon as you're paid will help stop you from spending the money on other things

Automatically transferring specific spending money, such as entertainment and seasonal expenses, helps you stick to your budget

You no longer have to keep an eye on small expenses like fees charged by banks and cellphone providers

You will avoid late payment fees and reduce stress by making payments on time

There are no incorrect statements. All statements are correct

Answer 1

You no longer have to keep an eye on small expenses like fees charged by banks and cellphone providers

This statement is INCORRECT. Even with automated finances, it is important to regularly review your accounts for any small expenses, fees, or errors that may occur.