Budgeting advice

Taking control of your money can seem like a difficult thing to do. There are some simple things that you can do to make the most of your money.

Further information

Set a weekly or monthly budget

Keep a record of the money you have coming in (e.g. salary, benefits, pension) and what payments you have to make each week or month (e.g. rent, gas and electricity bills, council tax, food). Check with your utility providers that you are on the best tariff and switch deals if necessary.

Keep a spending diary

You might spend more money than you think on things that haven’t been included in your budget. By writing these down you will be able to see when and where your money is going.

Pay off loans and credit cards

Pay off debts with the highest interest rates first. Avoid payday loan companies, as you will have to pay back a lot more than you borrowed.

Don’t ignore problems

If you are really struggling to pay your bills, rent and provide enough food for your family, get some help as soon as possible. The earlier you do this, the more likely it is that you can get the help and support you need.

What help is available?

There are agencies which can give you advice if you are struggling with money:

For further advice and help with budgeting, please see the booklet attached below.

Moneylenders/loan sharks

When you are in a financially difficult position, it can be tempting to take out a pay-day loan or borrow money from doorstep lenders. You can report a loan shark on the GOV.UK link below: