How to create a budget
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A guide to help you create a budget that works for you.
Whether you’re struggling with problem debt or not, creating a budget is the first step to taking control of your finances. A balanced budget will help give you a clear picture of how much money you have coming in each month, what you’re spending and where you’re spending it. It can also help you with saving for the future.
What is budgeting?
Budgeting is keeping track of your money. You’ll know what’s coming in and out of your account during a set time period and work out how much you can spend and on what. Budgets are usually from month to month but you could also have a weekly budget if that works best for you.
Why is budgeting important?
Budgeting is important because whether you’re struggling with problem debt or not, creating a budget is the first step to taking control of your finances. Learning how to create a budget will help give you a clear picture of how much money you have coming in each month, what you’re spendi...
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