How to work out your budget

Topic Selected: Money and Finance

General Article icon Type: General Article

If you have debts, you’ll need to work out if you’ve got enough money to pay off what you owe.
To do this, you will need to work out how much money you’ve got coming into your household and how much you need to spend. This is called your budget. Once you’ve worked out your budget, you’ll be able to see how much you’ve got left over to pay off your debts.
This article tells you how to work out whether you’ve got any money to pay your debts off.
If you are worried about how to deal with your debts, there is free, confidential advice available.
Your local Citizens Advice Bureau can give you advice about debt problems. To search for details of your nearest CAB, including those that can give advice by email, please visit the CAB website at www.adviceguide.org.uk.

Listing your income

The first thing you need to do to work out your budget is list all the income for you

Would you like to see the rest of this article and all the other benefits that Issues Online can provide with?

Sign up now for an immediate, no obligation FREE TRIAL and view the entire collection