This topic reminds me of my younger days when I was hired by a bank. My mother advised me to make a budget so that my income will not be spent on wasteful things. I had been following that advice ever since. But to be honest, I was not very successful with my budgeting for I was not able to avoid debts. Fortunately I had a wife who was very good in budgeting the income that freed me from debts. Now that I am retired from working I am very good in controlling expenses and handling my budget.