Over time the balance sheet will show that your budgeting process is successful if

Question

Quizplus · Accepted Answer

The best measure of success for budgeting is an increase in net worth over time. This indicates that you are not only managing your expenses, but also building wealth and making progress towards your financial goals. While positive cash flow and accurate budgeting are important, they are only part of the overall picture. Controlling spending habits is also important, but may not necessarily lead to a significant increase in net worth if it is not coupled with strategic saving and investing.

Over Time the Balance Sheet Will Show That Your Budgeting