If you thought you could become a millionaire, that's great! Shoot for the moon!
Yet there are many things between budgeting and becoming a millionaire.
But we can say for sure that through budgeting you can achieve planned goals, such as:
→ A trip to a foreign country.
→ A downpayment for a house.
→ That nice car you've been dreaming of.
→ Paying off debts.
Tracking your expenditure will open your eyes to how supposedly inconsequential daily expenses can add up over time. As a consequence, you will start making more conscious decisions about how you spend, save and invest your money.
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Reference: Personal Finance 101 by Alfred Mill and Michele Cagan. Adams Media, 2020