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.