What should you NOT estimate when budgeting?

Question

Quizplus · Accepted Answer

When budgeting, you do need to estimate the beginning amounts - all income and expenses. That would include wages and income from any other sources and all expenses, whether business or living expenses. You can work with the client to find ways to increase income. These methods should be part of your financial planning strategy for the client. While you can estimate income from these methods, you cannot estimate the methods themselves.

What Should You NOT Estimate When Budgeting