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BUDGET AND SAVINGS PLANNER HOW TO
BUDGET AND SAVINGS PLANNER PDF

This is your opportunity to look a bit harder at what you’re spending. Think long-term – our budgets need to be as realistic and sustainable as possible. But it doesn’t mean that those costs will be right for your future. This is helpful to see how much your bills cost and what you have been spending on food or clothes. We suggested that you use your bank statements or banking app to help you fill out what you spend. Can I live comfortably on this for the foreseeable future? Three questions you need to ask yourself when filling out the budget planner. If putting pen to paper to think about your finances doesn’t sound like your favourite activity, don’t worry. Alternatively, you can try Citizens Advice’s online budget tool or the Money Advice Service’s budget planner.The last tab will show you how much money you have leftover. Excel budget planner – simply enter your information here and the spreadsheet does the sums for you.

You’ll need to do the sums at the end by taking your total amount you spend away from the money you have coming in.

BUDGET AND SAVINGS PLANNER PDF

Printable budget planner – download and print out this PDF budget planner.

The best online budget tools are the ones that work for you. Consider those hidden costs like haircuts, dentist appointments or prescriptions, as well as making sure you have enough for a comfortable home and food each month. Your budget needs to be as futureproof as possible. You can work out your budget either by printing a monthly budget planner or filling out a budget online. Bank statements or access to your online mobile banking app can be useful here to help as a guide.

How much you spend – include housing costs, bills, food etc.

If you’re paid weekly or fortnightly, then you’ll need to work out your monthly income

Monthly income – any money you get on a regular basis.

To work out your budget, you’ll need to know:

That’s fine, as filling out a budget planner with all your income and expenses on is the easiest way to work out your budget.

You might hear some people call a budget an income and expenditure form or an I&E. It can help you to spot where you can make savings and make sure you’re covered for all the things you need to pay for.

BUDGET AND SAVINGS PLANNER HOW TO

Then, we’ll talk you through how to set up a basic bank account and steps to help you if you’re living on a low or reduced income.Ī budget shows you where your money is being spent and what money you have left over each month. Working out your budget will help you to take control of your finances to meet your financial goals. That’s where you write down all the money that you have coming in and what you spend every month. In this section, we’ll talk you through how to work out your household budget. Your first step to financial empowerment is to be able to plan your finances by working out your budget and understanding your banking options. Go back to the Financial Wellbeing Hub Manage your money with budgeting and banking options