Question

Pick the INCORRECT statement regarding creating a budget.

CHOOSE 1
Once you have correctly added your current spending, use the New Budget column to input your new spending targets

If you aren't able to cut back on an expense yet, you can input your existing spending amount

Once you have created your New Budget column, you only need to review this annually

After putting in your new spending targets, you should have a larger amount available left over for your financial goals

There are no incorrect statements. All statements are correct

Answer 1

[AI-generated answer — Bot GPT-4o]

Once you have created your New Budget column, you only need to review this annually

This statement is incorrect because a budget should be reviewed more frequently than annually. Regular reviews, such as monthly or quarterly, are essential to ensure that you stay on track with your financial goals and make necessary adjustments as circumstances change.