Stuggling to make a budget? Here’s how it’s done!

Pound coins

Could you save cash with a budget?

Whatever your financial situation, making – and sticking to – a budget can be a powerful tool to help you reach and maintain your financial targets.

If you are in debt and need to cut costs, or if you are trying to save up for something important, like your first flat or the holiday of a lifetime, a budget can significantly increase your chances of getting there.

It may seem obvious, but putting your outgoings and income in black and white (or red, as the case may be) on a spreadsheet can be extremely helpful in realising where you might be able to make savings, or how you could shift expenses around to cut down your spend.

If you’re unsure of where to start, check out this ‘How To Make A Budget’ video by Credit Action.