Question

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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Answer 1

B. Budgeting for financial goals or savings last

Step-by-step 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.