This week we are learning about budgets. For a company, there can be many different kinds of budgets that all roll up into the Master Budget. For this week's discussion, tell me if you've ever made a budget for yourself. If you have made a budget, what was it for? Was it weekly, monthly or for a longer period of time? Was the budget for normal cash inflow and outflow or was it a budget for a specific event or goal you had? For example, every year I plan out my Christmas budget. I do an Excel spreadsheet for all my friends and family I would like to buy things for. This budget has a set dollar limit that I want to spend on each person and then formulas to add up everything and see what I am actually spending verses what I wanted to spend.