Question

question 7 / 10
which one of these is not a successful budgeting strategy?
a keep some extra money in your budget for emergencies.
c. revisit your budget regularly and make adjustments.
d. pay with a credit card if you have a hard time sticking to a budget.
b. think about which items are your most important needs.

Explanation:

To determine a successful budgeting strategy, we analyze each option:

• Option A: Keeping extra money for emergencies is a good strategy as it prepares for unforeseen expenses.
• Option B: Prioritizing important needs helps allocate funds effectively, a key part of budgeting.
• Option C: Regularly revisiting and adjusting the budget allows for adapting to changes, which is essential for success.
• Option D: Using a credit card when having trouble sticking to a budget can lead to overspending and accumulating debt, which is not a successful budgeting strategy.

Answer:

D. Pay with a credit card if you have a hard time sticking to a budget.