0. Comp Ch. 3 - L0 3 0/1 Comple 1 Which statement is false? Points: 1 Individuals tend to be overly optimistic in their budget forecasts primarily because they underestimate their income and overestimate their expenses. B The envelope method of budgeting relies on the use of cash only for certain types of expenses The pay yourself first method of budgeting relies on an automatic transfer of funds into a savings vehicle before other expenses are paid The pay yourself first method differs from the envelope method because it removes funds at the beginning of the budget period, not at the end 0/1 Completed Ch. 3 - L04