Doing a Personal Budget

Everyone can work out a Personal Budget. You don’t need to have any special skill or knowledge to do it. Personal Budgets are also called Financial Statements.

Why do a personal budget?

Money Saving Expert – what’s the point of a budget?

You can use your Personal Budget to show the people or company you owe money to:

  • why they should accept lower payments from you or
  • that you have no spare money to pay your debts at all or
  • that they should offer you a different deal because you can’t pay the one you have now

Tips for doing your Personal Budget

Watch a video from The Money Charity introducing Personal Budgets

The Piggy Bank Technique to sticking to a budget from Money Saving Expert

On-Line Tools for Budgeting

There are lots of tools to help you do a Personal Budget. We have looked at them and brought some good ones together here.

If you find another good one, tell us.

Citizens Advice Bureau Budget tool

How to use CAB’s Budget tool

Money Advice Service Budget Planner

MoneySavingExpert Budget Planner

Tools to download and fill in by hand

Download the Citizens Advice Bureau Budget tool

Go back to ‘Money’

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