budgeting 14

Respond to the following in a minimum of 175 words:

  • What is a budget? How is it used?
  • Do you have a formal personal budget? If not, why not? If so, what type of budget format do you use and do you revise your budget periodically or annually?

Reply to at least 2 of your classmates. Be constructive and professional in your responses.

I will provide the two respones from the students.