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5 April, 11:52

What is a common mistake made in budgeting?

OA Over-estimating expenses

O B. Budgeting for financial goals or savings last

Oc. Writing the budget down

OD. All of the above

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  1. 5 April, 15:50
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    B. Budgeting for financial goals or savings last

    Explanation:

    While preparing a budget, someone makes mistakes. The standard errors include but not limited to-

    1. leaving things (gifts, haircut);

    2. Not tracking the spending category (underestimating expenses);

    3. Not preparing the budget in writing (guessing the costs);

    4. Budgeting for financial goals or savings last (After spending throughout the month, thinking about the savings).

    Therefore, options A and C are not the correct choices. B is the right option.
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