How to Make a Budget

Doing the budget is the first step in taking control of your finances. Setting it up may take a little effort, but it’s a great way to get a quick snapshot of the money you have coming in and going out.

Making a budget means you’re:

  • less likely to end up in debt
  • less likely to get caught out by unexpected costs
  • more likely to have a good credit rating
  • more likely to be accepted for a mortgage or loan
  • able to spot areas where you can make savings
  • in a great position to save up for a holiday, a new car, or another treat
What you need To start making your budget, you need to consider and work on some things like:

  • living costs
  • household bills
  • financial products (insurance…)
  • family and friends (presents…)
  • travel (car costs, public transport…)
  • leisure (holidays, sport, restaurants…)
A great way to work out your budget is to stay updated with our blog. We constantly share articles and guides that can help you with your finances. Just read and take note as much information as you can about your income and spending (bills, bank statements…) and get started.

You can either save all the information in your computer or write it all down in a journal then come back to it anytime you like.

There are also some great free budgeting apps available and your bank or building society may have an online budgeting tool which takes information directly from your transactions. Make use of those tools and focus on your budgeting goal.


International Finance Lawyer & Investment Banker turned full time Internet Marketing & Social Media Specialist & Coach and Business Mentor. Simon has an LLB (Honours), an MBA in Finance and New Venture Business and is a wealth of knowledge to any person looking to get established in their own business. Email him at or visit his blog at Simon also promotes a system that helps Internet Marketers achieve success no matter what their ex...

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