What Are My Goals? How Much Do I Need to Save? What Are My Expenses? How Can I Include Unexpected Expenses? How Will I Stay on Track? (source: https://www.quicken.com/5-questions-ask-you-prepare-budget) Personal budgeting (and any budgeting, for that matter) is in reality a linear programming problem, although you may not view it that way at first. However, you are trying to maximize the value that you get out of your money so that you have a richer fuller life. You are trying to minimize your expenses so that you are less likely to go into bankruptcy. You have rent or a mortgage to pay, perhaps car payments, and certainly food and other necessities. You have one or more sources of income, and you have to balance the total income versus the total expenses while hoping in the end to have something left over at the end of the month. That is linear programming at its most basic. Post a 100-word discussion about which linear programming constraint seems to be the one that puts the most pressure on your?

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In personal budgeting the constraint that often puts the most pressure ... View the full answer