Advice Services

Managing Your Budget

You’re not born with budgeting skills but you’re expected to manage your money.

If you manage your budget well you will be able to:

  • Pay your living expenses

  • Keep debts to a manageable level

  • Save for leisure, occasional and seasonal events

  • Avoid money anxiety

Manage your budget by following these simple steps

Set your budgeting goals and ask yourself the following questions:

  • How much could I afford to spend?

  • How much could I save?

  • How soon could I get out of debt?

  • Can I spend less?

  • Can I earn more?

Advice on managing your budget

  • Identify your income and expenditure

  • Increase your income and reduce your expenditure as much as you can

  • Keep a diary of your spending to keep track of what you spend

  • Complete a budget and include leisure, occasional and seasonal spending

  • Don’t spend more than you earn

  • Attend a free budgeting course to learn more about budgeting

  • Get money advice if you are struggling to manage your budget and have multiple debts