Once you have created your budget plan, you are set until you change jobs or change income.a) trueb) false

For example, you want to save money for a new car and prepare a budget where you save $500 per month. But the events in your life are not fixed or exact, for example this month you spend $150 in gas and car maintenance, but next month you get a flat tire and need to change a windshield wiper. Or maybe you decided to go visit some friends that live on another city, or your girlfriend wants to visit her parents. The only thing certain about life is that it is never the same, luckily for all of us.

ayfat23 ayfat23 · Answer 2 · 2021-10-15T13:31:04+02:00

The statement about not changing a budget after creating until individual change his/her job it is False.

Budgeting can be regarded as the process involving creation of a plan on how individual is going to spend his/her money.

This plan on how to spend the money is regarded as Budget.

When you create a budget , it helps you to determine in advance whether there is enough money to accomplish your plan.

However, there are some factors that can influence individuals to change his Budget such as inflation and some circumstances which means that budget can be changed, it doesn't necessarily mean that until one change job or income.

Therefore, The statement is false because some factors could cause adjustment in a budget.

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