What is Budgeting

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(Assignment should be in paragraph form, use headers versus restating questions. Paragraphs are 5 to 7 sentences and should have complete sentences. Do not use bullets or numbers. And it is okay to have more than one paragraph for one response. Just separate responses by headers.):

Respond to the following using essay form (each response should not be limited to one brief paragraph).

You are required to provide at least three correctly cited and formatted references (at least one per response) for this assignment

• What are the most important elements of a budget?
• Is there any area of budgeting where you do not need to be precise?
• What do you think about the federal deficit, and how can it be reduced?

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