Read more about the article Create a budget before leaving home
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Create a budget before leaving home

Work out a budget to see how much money you need each month to pay the rent and buy what you need – including food and utilities like electricity, gas and water. It also good to think about saving some extra money for emergencies.

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Read more about the article Budget your holiday
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Budget your holiday

Know how much you will need for each aspect of the trip – transportation, housing, food, tips, activities, and all associated fees – and then plan extra for unexpected expenses.

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Read more about the article Regularly revise your budget
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Regularly revise your budget

It is important to work out your budget regularly for example, every six months to check that you are managing your money well, and to do a new budget each time your circumstances change such as moving house, going on holiday or if you lose your job.

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Read more about the article What can I do about a negative bank balance?
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What can I do about a negative bank balance?

If you have a negative bank balance, you need to find ways to increase your income (for example by working extra hours), and find ways to reduce your spending by looking again at your budget information and deciding which non-essential items you will spend less on.

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Read more about the article What can I use a positive bank balance for?
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What can I use a positive bank balance for?

If you have a positive bank balance, you have spare money available which you can use to repay debts (such as overdrafts or credit card bills), save regularly, or buy something.

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Read more about the article Budgets show a positive or negative balance
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Budgets show a positive or negative balance

After calculating your budget, you will either have a positive balance (spare money available to spend) or a negative balance (you don’t have enough to pay for the things you are paying for, and are getting into debt).

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Read more about the article Use an online budget planner
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Use an online budget planner

You can use online tools to calculate your budget, using your income and outgoings figures. This will give you a more accurate budget, as some payments may be weekly, some monthly and some quarterly. The Money Advice Service has a free online Budget Planner.

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Read more about the article How can a budget sheet help me?
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How can a budget sheet help me?

Budget sheets are useful tools that help you manage your income and stay out of debt. Creating a budget is important for everyone, and can give you freedom and peace of mind since you know exactly where your money is going.

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Read more about the article How do I complete a budget sheet?
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How do I complete a budget sheet?

To create a budget sheet, write down your outgoings (all the individual items you spend money on in a week or month, one per line: if you pay for it, include it) and your incomings (all the money you have coming in). You can sum the outgoings to see how much you spend each month.

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