SignVideo Translate


Budgeting involves setting money aside for rent, household bills, loan repayments, pensions and savings plans.

Why not take a look at our budget planner to help you work out how much you could save?

Budgeting can help you:

  • Manage your money and understand what comes in and what is paid out
  • Understand your income and expenses so that you can make decisions and informed choices on how to manage your money now and in the future
  • To live within your means - giving you peace of mind

Next steps

  • You need to know your total income (including pay, pensions, benefits and tax credits) 
  • Ensure you plan for priority payments such as rent, utilities and council tax
  • Identify where you can make changes if you are struggling to pay all your outgoings
  • Help make your money go further by including a regular savings plan as part of your budget

Top Tips

  • Goals - Decide on your personal financial goals to help you plan a realistic budget.
  • Maximise your income - claim any state benefits and tax credits you are entitled to.
  • Record what you spend - keep a diary, use a calendar, memos, use a budget phone app
  • Don't forget - Budgets must include all weekly / monthly expenses - cash expenditure which you may forget, like the coffee at work, newspapers and magazines and the small treats we all like to enjoy.
  • Review your budget every few months to make sure it is realistic and any extra income or increased expenditure is included.
  • Cash withdrawals - avoid cash machines which charge you for taking out your own money such as those machines located in convenience stores. Use ATM's which are free - you will be able to use banks other than your own to withdraw cash.

If you feel your spending is out of control or your expenditure is more than income then we can help

For more information, advice or support contact us. Email or call us on 0800 218 2000.