ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUDGETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Online budgeting apps are more effective than budgeting with pen and paper.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Online budgeting apps are more effective than budgeting with pen and paper. What are the Four Walls? How many categories should you have in your budget? no limit; use as many as you need to keep your budget accurate!

Detailed explanation-2: -Zero-based budgeting is the ultimate budget for those who want to be completely in control of their money. It allows you to micromanage your money-in a good way-as you see fit. You get to decide in advance where every one of your dollars gets to be spent.

Detailed explanation-3: -On that note, what are the benefits of a budget app? They show how close you are to meeting your financial goals. Personal finance apps help you limit your excess spending and save for multiple goals (like going back to school and saving for a home at the same time). They provide insight into your spending.

Detailed explanation-4: -Personal finance and budgeting apps are a great way to keep track of your money, but they work best if you’re somewhat tech-savvy and tend to make most of your purchases using a debit or credit card. For people who regularly use cash, manually entering transactions into the app can get tedious.

Detailed explanation-5: -Best Budgeting Apps. Empower. Mint. YNAB (You Need A Budget) PocketGuard. Goodbudget. Stash. Honeydue. More items •28-Feb-2023

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