In this unit we discuss the various budgets that are prepared by a company or organization. The process of budgeting is actually similar to how we budget in our own individual, personal lives. I would like you to discuss your own budgeting process (please address each of the bullets below):

1. How do you budget your own finances? You don't have to give exact amounts and details, just an overview of your process and various groups of expenses that you have to consider.
2. Which of your expenses are fixed? Which are variable? Do you have any mixed expenses?
3. Can you utilize any of the methods or considerations found within this unit, in your own personal budget process? If so, how would you utilize them?