Why believe in abstract entities at all, as something distinct from the formalism? We have various formal or abstract concepts, that are useful in science and its applications, but they make contact with reality only through these uses: the natural numbers are used in counting, which is useful because there are many physical objects or events that are similar enough to each other that their differences can be neglected, then it's meaningful to count them and come up with a number for the collection, e.g. apples in a basket, planets in the solar system, or whatever.
Real numbers developed from our perception of continuous physical magnitudes, and from the usefulness of applying the concept of number to these magnitudes. Then the formalism of the real numbers was developed based on mathematical constructions from the natural numbers/integers.
We don't have to posit some abstract entity that the concept of real numbers refers to: it's a symbolic or mathematical construction that helps us in reasoning about (what we perceive as) continuous magnitudes, which aren't abstract, but concrete aspects of our experience of the world