If anyone don't understand this basic thing such as budgeting then they should not be in business or have anything to do with finance. OP you did a good job but have honestly post like this are basic, this type of post will have a good fitting for beginners and help. This is a vast forum and the economy board of the forum talking about very basic thing like this that is obvious as day light is a bit cringe.
Budgeting will make you to utilise your money very well, some people doesn't like make a budget in anything they're doing and that has being the challenges they are having and that makes them to be spending unnecessarily, so therefore we need to understand that, I'm using gambling as a reference, in gambling you need to budget yourself very well before you gamble and likewise any other thing you do, without having a budget you will spend your money beyond your budget and that is why any average person have to know that they need to make plans that will help them to achieve their targets, many people is poor today they did not have a foresight from the beginning and today they are regretting seriously