This toy is recommended for very large birds, like Macaws so wouldn’t be the best choice for a budgie. You’d also want to cut off the loose threads to prevent entanglement and crop impaction if chewed. You’re on the right track, looking for something natural, but I’d look for something that’s suited more for a small bird. What country are you in? Most countries have some great websites that sell bird safe toys as well as parts for making your own toys, if that interests you.