Having a budget means that your net worth will always be positive.

Question

Quizplus · Accepted Answer

Having a budget does not necessarily mean that your net worth will always be positive. It simply means that you are allocating and tracking your income and expenses in a planned manner. Your net worth is determined by your total assets minus your total liabilities, which may be affected by factors beyond budgeting, such as investments, debts, and changes in property values.

Having a Budget Means That Your Net Worth Will Always