What is one difference between yearly and monthly budgets?
a. yearly budgets show a gre...
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Business, 24.01.2020 10:31 chloeozenghar1
What is one difference between yearly and monthly budgets?
a. yearly budgets show a greater degree of planning, so it is appropriate to plan expenses more strictly and in a more detailed fashion in a yearly budget.
b. monthly budgets should focus on the short term, so it is not appropriate to consider planned but future expenses (such as a vacation) in a monthly budget.
c. yearly budgets are a better view of your financial goals, so you should work very hard to avoid changing yearly budgets.
d. there is more uncertainty as you plan further aheadso a yearly budget needs more room to account
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