It’s important to continue tracking your revenue and expenses to make sure you’re sticking to your goals.Group of answer choicesTrueFalse

The statement is true. Continuing to track your revenue and expenses is crucial for maintaining financial health and ensuring that you are meeting your financial goals. By consistently monitoring these figures, you gain insight into your financial situation, allowing you to identify trends, manage cash flow, and make informed decisions about future spending or investment.

Tracking revenue helps you understand your income sources and assess whether you are on track to meet your financial targets. On the other hand, keeping an eye on expenses allows you to control costs, avoid overspending, and allocate resources more effectively. This practice not only aids in budgeting but also prepares you to respond proactively to any financial challenges that may arise.

In summary, regular monitoring of financial activities is essential for achieving and sustaining your financial objectives. It reflects sound financial management and is a best practice in both personal finance and business operations.