There are two parts to this discussion - 1. Your friend hears you have to develop and stick to a personal budget for this class - they say "How awful, you have to go on a budget? Too bad we can't go out and have fun anymore because you won't be able to spend any money." How would you respond to your friend? Let them know the benefits of a budget.

2. List two characteristics needed to develop a successful budget. In other words, what is necessary to create and stick to a budget?