Responses
Rework the budget every day to account for any changes that arise.
Rework the budget every day to account for any changes that arise.
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.
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.
Try to keep to the same budget from year to year.
1 answer
The option that describes an effective and efficient budgeting practice is:
Once or twice a month, stop to compare your actual spending to the amounts in your budget.
This approach allows you to make necessary adjustments and stay on track with your financial goals without being overly reactive to minor changes.
