:: 
:: 
:: 
:: 
Why budget?
- To be in control of your finances
- To not waste money, but get to spend it on things you want to.
- Essential if you’re trying to recover from a debt problem.
What is budgeting?
- Having a clear idea of the money coming in and the money going out.
- A spending plan.
- A key to handling your money responsibly.
How to budget?
Very basically:
- Work out what money is going out and what do you spend it on, make sure to include an adjustment for savings and seasonal costs like birthdays, holidays and Christmas (work out your average yearly spend and divide by 12 to find how much you need to allow – scarily much more than you’d think)
- What money is coming into your household – wages, child benefit, tax credits, etc.
Now compare the two figures.
Does your spending exceed your income?
