Setting a budget can help you feel more in control of your money and plan ahead. To make budgeting easier, we’ve created an online tool that does lots of the legwork for you. It’s free, easy to use and has been designed to give you a better understanding of your finances.
What does it do?
Our Budget Planner compares how much money you have coming in with how much you’re spending. It also provides a breakdown of your finances. And highlights where the highest portion of your money is going – after your rent or mortgage payment.
The tool takes around 10 minutes to use. Make sure you have your banking app or statements to hand before you start.
How do I use the Budget Planner?
Enter your income
The first step is to enter your monthly income – after tax. If you’re self-employed, this could be what you earn on average each month. To calculate a monthly average, add up your earnings for a year and divide this number by 12.