Budget planner tool
Use the Budget Planner tool below from the Money Advice Service. It's simply a record of:
- Money coming in, such as wages, pensions, benefits
- Money going out, such as rent or mortgage, insurance, council tax, living expenses, one-off or unexpected costs
Make sure you include one-off expenses like car tax and Christmas presents in your budget, and tax and National Insurance if you’re self-employed.
An online budget planner is an easy way to work it all out.
This will help you record your incomings and outgoings. It then adds and analyses your figures, breaking down your spending into:
- Household bills
- Living costs
- Financial products
- Family and friends