Question

Christie makes changes to her budget at the end of every month. What is her reason for doing this in terms of smart financial planning?

Answer 1

In the case Christie has a financial goal, it is a good practice to check her budget every month since this will allow her to confirm if her plan is working or if there are points of improvement. In the case changes have to be made, they can be made on time and not at a later stage where it could lead to other problems. Possibly Christie has been making changes to her budget because she is adjusting it the best way possible so she can make sure she will reach her goal.

Answer 2

In terms of smart financial planning, the reason why Christie makes changes to her budget at the end of every month is because she is reviewing her goals at the end of every month and consequently, aligning the budget to work toward them.