What is a budget? And discuss some of the major benefits to be gained from budgeting

What is a budget? And discuss some of the major benefits to be gained from budgeting.

Discussion Board Instructions Summarized:

The initial discussion board post will need to be a minimum of 100 words. The initial post is worth 12 points.

After you type your initial post, read through the other entries and reply directly to at least two classmates on a different day than your initial post. Each response is worth four points. The response posts need to be at least two-three complete sentences. When you reply, please type the name of the classmate you are responding to, provide a welcome message to that person, and type your name at the bottom of the message.

For all posts make sure to use proper grammar, capitalization, (I instead of i) and punctuation in this college level course in all correspondence. Please avoid “text” or “twitter speak” when corresponding.