Which of the following statements might be considered poor advice in budgeting?
A)Set realistic budget goals.
B)Stick to simple procedures.
C)Use the budget primarily as a record-keeping device.
D)Use the budget to direct and control expenses.

Question

Quizplus · Accepted Answer

Using the budget primarily as a record-keeping device means that it is not being utilized to its fullest potential as a tool for directing and controlling expenses. A good budget should not only track expenses but also help to guide financial decision-making and prioritize spending. Therefore, this statement may be considered poor advice in budgeting. The other choices (A, B, and D) are all good advice in budgeting.

Which of the Following Statements Might Be Considered Poor Advice