"Balanced" means that if there's something pulling one way, then there's also something else pulling the other way.
-- If there's a kid sitting on one end of a see-saw, and another one with the same weight sitting on the other end, then the see-saw is balanced, and neither end goes up or down. It's just as if there's nobody sitting on it.
-- If there's a tug-of-war going on, and there are 300 freshmen pulling on one end of a rope, and another 300 freshmen pulling in the opposite direction on the other end of the rope, then the hanky hanging from the middle of the rope doesn't move. The pulls on the rope are balanced, and it's just as if nobody is pulling on it at all.
-- If a lady in the supermarket is pushing her shopping cart up the aisle, and her two little kids are in front of the cart pushing it in the other direction, backwards, toward her. If the kids are strong enough, then the forces on the cart can be balanced. Then the cart doesn't move at all, and it's just as if nobody is pushing on it at all.
From these examples, you can see a few things:
-- There's no such thing as "a balanced force" or "an unbalanced force". It's a <em><u>group</u> of forces</em> that is either balanced or unbalanced.
-- The group of forces is balanced if their strengths and directions are just right so that each force is canceled out by one or more of the others.
-- When the group of forces on an object is balanced, then the effect on the object is just as if there were no force on it at all.