A budget is a plan to help track money that you earn(income), money that you spend(expenses), and money that you save. A budget is important to have so you are able to have enough money for needs and than hopefully, wants. A budget can help you get money for college, housing, food, etc. Knowing how to successfully create and carry out a budget will help teens later on in their when they go to college and need to get a house/apartment, or need to get food, clothes, etc. In order to create a budget you must find out what your needs and wants are and what you are going to spend money on. budgeting is a key roll in money management.