Yes, you are right, @OP. Budgeting is a very vital spending habit to be cultivated. I don't use to forget one very topic I learned during my junior secondary school days on a subject called "home economics." The teacher made me understand the importance of making a budget and also spending wisely by focusing on fulfilling the primary needs first before going for secondary needs, because if a person spends on secondary needs, forgetting the primary ones, they will still have to fulfill the primary ones because they will get more demanding. If, by chance, the person spends all their money trying to fulfill the less important stuff, they will have financial difficulty at that moment. So, budgeting is very important because it will help you analyze the things you want and how to spend the money accordingly.