<prompt> Human: I just graduated college and have a decent job with the possibility of moving up the corporate ladder in the next few years. Im trying to make good financial decisions but I just dont understand the point of budgeting. I have things that I need to spend money on and things I want to spend money on. At this point the only control I have is how my my entertainment going out spending is. So why do I need to categorize all my other spending?  <response>: Part of it is to know where your money is going and how much you should have left each month. A lot of people come on here and are like I make 10 bajillion dollars a month and my bills are only 2 bajillion but I dont have any money!So you make note of your regular bills, utilities, expenses, food, etc and get some sort of baseline of where your money goes. The level of detail you budget to is up to you. 