What are some of the advantages that you can see for budgeting? Are there any disadvantages? Do you foresee yourself keeping a budget in the coming years? Why (not) ?

Pros:

Having extra money or reserve money for emergencies

Prevents you from going broke or bankruptcy

Cons:

Budgeting may affect your quality of life: cheaper is not always better

Inaccurate amounts. Not budgeting enough or directing too much money on things that don't take priority in life.

Time consuming: It takes time to make a budget perfect for you.

Pro / Con: Consistency May encourage you to stick to budget or discourage you.