The 21st century is all about consumerism. And now with social media, we all want the best of everything.  

But everything comes at a price. 

In the race to fulfil our wishes, we may end up burning all the cash we have.  

Budgeting can help us avoid this trap. 

Keeping a track of our expenses and savings can help us achieve our life goals without the additional burden of debt. And through all this, budgeting helps inculcate self-discipline, which is invaluable.