Creating a budget is the best way to initiate a balanced lifestyle. By evaluating what you want to spend, and determining what's important from what's not important is the first step to starting a budget. Creating a budget helps you stay in plan with achieving long term goals. Like maybe you want to save up money to buy a house one day, so you create a budget so you only spend what is necessary, and save what you want to put towards the house. Creating a budget is a great lifetime tool.