Question

Christie makes changes to her budget at the end of every month. What is her reason for doing this in terms of smart financial planning?
She keeps changing her mind about her goals.
She is reviewing her goals and aligning the budget to work toward them.
Her needs keep changing, so she changes her monthly budget.
She is not satisfied with the monthly budget outcome.

Answer 1

Answer : Option B) She is reviewing her goals and aligning the budget to work toward them.

Explanation : From the Christie's smart financial planning for her monthly budget, where she makes changes to her budget at the end of every month; it can be said that the main reason is that she gets a list to review the spendings of her budget every month. She is trying to review her goals every month and aligns the budget accordingly to save and spend judiciously only on the needy things that she needs to buy or do. She is working towards her goal of saving more and spending less.

Answer 2

A great reason to revise her monthly budget is that Christine can adjust her planning to meet her specific goals. While sticking to long term goals may be a good idea for some, if that is not possible adjusting your budget is a good way to keep track of income and expenses and to make sure that you do not spend more than you should.