A personal budget serves as a spending plan allowing an individual to have a broad view on how much money he/she earns, how much is available for spend and the true state of one’s financial position.
With the knowledge of your basic expense and income pattern, you can easily gain control of your financial resources, plan better and achieve your financial goals.
Notwithstanding the level of income earned by an individual which may becloud the thought of having more to spend, so why budget? This should not be so because no matter the amount of money you have, it is insufficient as human wants are insatiable.