Household Budget Planner
If the measures in George Osborne’s Budget fail to help your financial situation, take a look at this household budget planner, to help you prepare for a tough year ahead.
Best Way to Save Money
Work out the cost of all your necessary expenses, such as energy bills, food shopping, rent, mortgage repayments, petrol, and anything else regularly coming out of your bank account.
Once this is calculated, you can work out how much disposable income you have left at the end of the month. If your outgoings are more than your incomings, then you may have to readjust your spending.
Simple changes to your spending can help you save enough money to prevent falling into debt each month, or even leave a bit extra to put into a savings account.
Switch to value products in supermarkets, these are often considerably cheaper, and plan your meals ahead of visiting the shops so you only buy what you intend on using.
Living on a Budget
Whether you need to budget just for the short-term, or over a longer period, living on a budget need not be hard.
If you successfully budget your money you may have enough to set aside for the odd treat, and this way you can buy new clothes, or dinner out in the knowledge that you will not end up in debt.
Money troubles can cause a lot of stress, so sticking to a budget can remove this.
Top Up Credit Cards
A top up credit card, sometimes known as a prepaid credit card, can help maintain a working budget. For those who struggle not to dip into their overdraft each month, or rack up expensive credit card bills, a top up credit card could be the solution.
With a top up credit card you can put extra money on it when and where you need it, so you are not tempted to spend at a whim.