Having a budget helps us get through life well in a planned and organized manner. When people go shopping for groceries or clothes, they usually have a list of things they want to get starting with essentials, followed by those well deserved guilty pleasures.
A budget is also drafted to ensure that not too much money is spent on certain things. When gambling, a strict budget has also to be drawn up and followed.
Following this budget will ensure that reckless spending does not happen and that one knows when to stop, especially when they are losing.