Which of the following statements about budgeting is FALSE?

Question 1 options:

If you create a budget, you will be more likely to get approved for loans.

Maintaining a budget helps you prepare for emergencies.

Budgeting can help you make sure you don't spend money you don't have.

Creating a budget sheds light on bad spending habits.

The correct answer is letter "A": If you create a budget, you will be more likely to get approved for loans.

Explanation:

Budgets are projections people make of the money they are likely to spend on their needs. That information is for personal use so individuals can control how much of their income they should spend and save if possible. While applying for a loan, financial institutions approve or deny the request based on the credit history of the borrower.

Making a budget can control the borrower expenses but banks will not consider a projected budget to approve or deny a loan application.

answerall of these;