Question

chris puts money in envelopes each month to help him avoid overspending. which of the following budgeting systems is he using? a) Zero-based budgeting b) Envelope budgeting c) Cash flow budgeting d) Incremental budgeting

Answer 1

b) Envelope budgeting

Envelope budgeting

Chris is using the envelope budgeting system, where he organizes specific amounts of money into different envelopes or categories each month to help him manage his expenses and avoid overspending. This method usually involves physically separating cash into envelopes or using digital tools to track and allocate funds to various spending categories.