1). A budget allows you to spend money on things you need or want.
A budget requires you to keep track of your expenses. You see where your money actually goes and plan where to cut back on spending. The money you used to spend daily on little things like coffee or taxis can go toward something more important.
2). A budget can keep you out of debt
With a budget, you know whether or not you’re living within your means. If you use credit cards, this may not be obvious. You might have extra cash at the end of each month and think that you’re OK. But, if you’re not paying your credit card bills in full, you’re probably living beyond your means.
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