You overhear your cousin talking about the importance of creating and sticking to a budget. Which of the following reasons he gives below is actually FALSE?*1 pointA budget can help you identify any bad spending habits.Using a budget can allow you to work towards your financial goals.Having a budget can help you create an emergency fund.Using a budget can qualify you for special discounts at your favorite stores

What is the primary purpose of creating a budget?a) To track spending habits only b) To determine your net worth c) To plan and control your income and expenses d) To invest in the stock market

The following are the benefits of the budgeting, except:Select one:a. Budgets help managers tailor their operations to meet their personal goals.b. Planning involves setting short-term objectives that align with the company’s long-term strategyc. Budgets can be compared to actual amounts, and the analysis can be used to evaluate current operations and employee performance.d. Provide a more detailed picture of what goals need to be accomplished.

things in particular which are very important when making a budget. First we need to work out how much             we earn or have available for an            .Next we need to think about how             we want our budget to cover.Finally, we need to know what             we want to buy, how much they             and

Why do people use a household budget?A.To effectively manage spendingB.To quickly increase their monthly incomeC.To lower the cost of mortgage paymentsD.To increase the value of investments

What is the first step in creating a budget?*1 pointSetting financial goalsTracking all income and expensesCutting unnecessary expensesOpening a savings account