When people work,they get paid .This money is called earnings.With their earnings ,they can do two things:spend or save their money .Most people do a combination of these two.First ,they have to spend their money on many things .They have to pay for their home .They have to pay for food and clothes .And they have to pay for insurance ,transportation ,and even entertainment costs .Usually ,there is some money left over.People often save this money .They might put it in the bank .Or they might invest in the stock market.Unfortunately ,some people spend too much money .They spend more than they earn. So they go into debt .Debt is a big problem for many people.People can plan to buy something if they budget their income ,spending ,and savings. A budget helps people to manage money and to save it.