Discuss the advantages and/or challenges of following these steps from the perspective of a school principal. Cite examples from your own experience to support your assertions. 1. Determine the allotment 2.Identify fixed expenditures 3. Involve all stakeholders 4. Identify potential expenditures 5. Cut back 6. Avoid continued debts 7. Develop a plan 8. Set goals and manage time efficiently 9. Evaluate the budget 10. Abide by the budget