Question

question 3 / 10
which one of these is not a successful budgeting strategy?
a. pay with a credit card if you have a hard time sticking to a budget.
b. revisit your budget regularly and make adjustments.
c. keep some extra money in your budget for emergencies.
d. think about which items are your most important needs.

Explanation:

To determine which is not a successful budgeting strategy, we analyze each option:

• Option B: Revisiting and adjusting the budget regularly helps in keeping it relevant, so it's a good strategy.
• Option C: Keeping extra money for emergencies is a prudent part of budgeting to handle unforeseen expenses.
• Option D: Prioritizing important needs ensures that essential expenses are met, which is key to budgeting.
• Option A: Using a credit card when having trouble sticking to a budget can lead to overspending and debt, as it doesn't address the root cause of budget issues and encourages spending beyond means. Thus, it is not a successful budgeting strategy.

Answer:

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