Responses
Set the budget once, at the beginning of each year. Then check it again once, at the end of that same year.
Set the budget once, at the beginning of each year. Then check it again once, at the end of that same year.
Rework the budget every day to account for any changes that arise.
Rework the budget every day to account for any changes that arise.
Try to keep to the same budget from year to year.
Try to keep to the same budget from year to year.
Once or twice a month, stop to compare your actual spending to the amounts in your budget.
Once or twice a month, stop to compare your actual spending to the amounts in your budget.
1 answer
The most effective and efficient budgeting practice among the options provided is:
Once or twice a month, stop to compare your actual spending to the amounts in your budget.
This approach allows for regular monitoring and adjustments as necessary, helping to ensure that you stay on track and respond to any financial changes or unexpected expenses in a timely manner.
