Budgeting is very important to individuals and businesses, because it's help in planning on how to manage your resources and also for unnecessary use of your resources. I think for an individual or a business or firm to grow, it's important they learn to make budget, because it helps plan your spending and it helps minimize irrelevant use of your resources. Budgeting also help you plan and prepare for the future,  because it helps you solve unseen circumstances or issues in the future.