Prioritise Essential Bills
Important household costs should be considered before non-essential spending.
Simple Financial Guidance
Useful Tips for Managing Money
Small changes can make it easier to understand income, organise important bills and control everyday spending.
View Budget ExampleFive Steps for a Simple Budget
- Write down all income. Include wages, benefits and any other regular income.
- List essential costs. This may include rent, energy, water, food and travel.
- Check other spending. Review subscriptions, shopping and entertainment.
- Compare income and spending. This shows whether money is available after essential costs have been paid.
- Review the budget regularly. Update the budget when income, bills or household circumstances change.
Important Money Tips
Keep Financial Records
Keep useful letters, bills and payment information together so they can be checked when needed.
Ask for Help Early
Seeking support early may provide more time to understand the problem and consider available options.
Helpful Budgeting Video
This video from MoneyHelper gives simple information about creating and managing a budget.
Watch: Making a BudgetSimple Monthly Budget Example
| Category | Example | Type |
|---|---|---|
| Wages or benefits | Monthly income | Income |
| Rent | Housing payment | Essential cost |
| Energy and water | Household bills | Essential cost |
| Food and travel | Regular spending | Essential cost |
| Entertainment | Optional spending | Non-essential cost |