This document discusses the importance of budgeting for families. It defines a budget as a plan for spending and saving given one's income over a period of time. The document notes that without a budget, a family may find their money is not enough at the end of the day. Proper budgeting balances income and expenses, gives a sense of comfort and satisfaction, enables prioritizing of needs over wants, and allows for savings. The document asks students to consider the differences between families that do and do not budget their monthly income, and to list the importance of budgeting and factors affecting family budgets.