Which of the following is a recommended technique for preparing a sensible budget?
A) Budget liberally for income, and conservatively for expenses.
B) Budget conservatively for income and liberally for expenses.
C) Do not allow for wiggle room.
D) Go light in terms of basing budgets on historical information.

Question

Quizplus · Accepted Answer

Budgeting conservatively for income and liberally for expenses ensures that you are prepared for the worst-case scenario, reducing the risk of overspending or running into financial trouble if income falls short or unexpected expenses arise.

Which of the Following Is a Recommended Technique for Preparing