How to Create a Budget

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Does the word budget make your head hurt? Well, it certainly doesn’t have to. Budgets allow you to have some control over what you spend, plan for your future, keep a check on your income and outgoings, pay off existing debt and save a few pennies each month. Now where is the downside in that?

We do the maths

When it comes to budgeting, taking those first steps can often be the hardest part – but we’ve got you covered. Firstly, don’t worry about the sums: our free online Budget Builder  will do the maths for you. We’ve also created a video with some key pointers that will help you make a budget that really works. All you’ve got to do is make it yours!

Whether you are a budgeting beginner or looking to update your current budget, our step by step guide will make the whole process simple and easy to follow. So no excuses, start now!

Start budgeting

We have some great tools to help you manage your money including our online Budget Builder that helps you log all your income and outgoings and tots up a realistic picture of your finances. It even creates handy graphs that illustrate where exactly your money is going. You can save your personal budget and come back to it later – and it’s completely private and confidential.

Our Spendometer mobile app will help you keep track of your actual spending on the go. So if you don’t know where your money really goes each month, it might help to use the Spendometer (ideally for a full month) before you attempt a budget. This will help you estimate your outgoings as accurately as possible and minimise the likelihood of any nasty surprises.

When you’ve got to grips with the initial set up, head over to our article on living with a budget for further advice on how to stick to your budget and easy ways to make it part of your everyday life!