Money Essentials

Manage your budget

Before we get started, please tell us how you feel about your finances?

  • Great
    Great
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    Good
  • Meh
    Meh
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  • Awful
    Awful

Are you ready? Then let’s do this. In week one, we’re going to show you how to make and stick to a budget that works for you.

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Tick the steps and log your mood to move on to the next week.

  • Making and managing a budget for your household spending is essential to your financial health. For this week’s activity, start by thinking of things you’ve budgeted for in the past — perhaps a holiday or a big purchase?

  • Creating a budget makes it easier to see where you’re overspending and where you might cut back to help you reach your financial goals faster.

    Find out more in our Beginner’s guide to managing your money.

  • Now you know why it’s important, set aside a few hours in the next few days to create your own budget. We’ll guide you through how to do that in the next step.

  • How do you feel about your finances now?

    • Great
      Great
    • Good
      Good
    • Meh
      Meh
    • Bad
      Bad
    • Awful
      Awful
Done
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Tick the steps and log your mood to move on to the next week.

  • Gather your bank statements, household bills, credit cards and any outstanding loan paperwork and let’s get started.

  • Use our handy Budget Planner to track your finances and  identify  simple changes you can make to keep to your financial plan.

  • Stay motivated by making a note on the calendar to check your plan every two weeks to make sure you’re recording your progress.

  • How do you feel about your finances now?

    • Great
      Great
    • Good
      Good
    • Meh
      Meh
    • Bad
      Bad
    • Awful
      Awful
Done
Close Close

Tick the steps and log your mood to move on to the next week.

  • Look out for positive influencers that give you encouragement and can help you stick to your programme. If you live with others, get them involved in creating a budget. If you’ve never openly spoken about money with people close to you, use our Talk Money guides to get started.

  • Make sure you have wider support around you too. This could be trusted friends or family members who might be on a similar journey.

    Join our online community of savers in MoneyHelper’s Budgeting and Saving Facebook group for friendly peer-to-peer support from like-minded people

  • Check in regularly with those on the journey with you to share challenges and inspire each other to keep going.

  • How do you feel about your finances now?

    • Great
      Great
    • Good
      Good
    • Meh
      Meh
    • Bad
      Bad
    • Awful
      Awful
Done

Complete all the steps this week to move on to the next week.

Go to next week