Which of the following is not a potential benefit of budgeting?Reaching long-term goalsBuilding up an emergency fundIncreasing incomeAvoiding debt
Question
Solution 1
To determine which option is not a potential benefit of budgeting, let's analyze each choice:
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Reaching long-term goals: Budgeting helps individuals allocate funds towards their long-term objectives, such as saving for a house or retirement. Therefore, this is a benefit of budgeting.
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Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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Similar Questions
Which of the following is a benefit derived from budgeting?
In the 50-30-20 budgeting method, saving for emergency expenses would fall under which category?
Which of the following should not be considered when setting a current budget?
One way to revise a budget to meet long-term goals is to _______ discretionary spending.
How can budgeting help students prepare for financial independence inthe future?
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