Budgeting money is an active way in which an individual can, if they choose, help keep themselves out of debt.
Self-Help Budgeting Tips:
- Budget by calendar month
- Have a contingency pot for unexpected monthly extras (i.e. car maintenance)
- Take into consideration all outgoings including to and from work journeys
If you do find yourself in debt and need to speak to someone, please see below for advice and support sites. Remember you can always talk to your bank about any concerns.
Free online budget tool https://www.citizensadvice.org.uk/debt-and-money/budgeting/
Free debt advice https://www.moneyadviceservice.org.uk/en/categories/taking-control-of-debt
Citizens Advice Bureau https://www.citizensadvice.org.uk/debt-and-money/
Here you can find information on mortgages and rent, borrowing and budgeting.
National Debt Line (charity run by the Money Advice Trust – free online debt advice and helpline and factsheets.
More information to follow.
