There are innumerable budget models available that fit just about every personality type out there. The key is to select one that fits your style.

  • Write a 1-2 page paper and describe the benefits of maintaining a budget and what adjustments you would make to the budget model for your personal budget.

Address the following areas

  • What are your thoughts on the envelope system?Is this a personal budget model that you would use?Why or why not?If not, what type of system would you use?
  • How often would you update your budget? Why?
  • What value do you see in having a budget?
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