ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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People avoid budgets because they believe it constricts them.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -They believe they know where their money is going even if they had no money left before their next pay check. Most people believe that they aren’t earning enough to meet their expenses when the actual problem is that they are not budgeting their spending.
Detailed explanation-2: -With an accurate budget, you’ll be able to cut out unnecessary expenses and save money, or stop running up big debts. If you already have debt problems, a budget will show you how much spare cash you have.
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