Option 1 – Complete “Try It!” 1 “Discover Your Personal Financial Philosophy” (Chapter 12). but do not post your answers to this questionnaire, instead respond to the following questions: 1. Why is it important to have a budget? 2. Is keeping a budget simple? Explain. Complete “Try It!” 2 “Identify your Financial Goals” (Chapter 12). What is one of your financial priorities? Provide an example of when you had to save or sacrifice for something you wanted. Complete table 12.1 Estimated Expenditures, Next 12 months (Ch. 12) but only respond to these questions: Which category do you spend the most on and which category do you spend the least on.