Setting a budget is an important component of financial success...and sometimes, financial survival...in many different settings. In a government, a budget must be established in advance to give the legal authority to spend money for authorized purposes. In a business, a budget provides direction and coordination as we will see in the textbook material for this week. It's also important in our personal lives, although some do it more effectively than others. What are some of the best insights you've learned from others, or learned from experience, that you can share that may be encouraging to your colleagues in this class as they plan for their financial future