Budgeting: Why budget?
So you keep track of your money. This doesn't mean you can't have a good time - it just helps make your money go further! Try our Budget Planner

Start a record of all the money coming in. Then work out your living costs which might include:

• Food
• Electricity/gas/water
• Rent
• Household insurance
• Travel - bus, train etc.
• Car
• Clothes
• Hobbies
• Entertainment

Plan your spending so that you have enough to cover everything -save a little each month to meet the bills!

Think before you spend - it can help save money!
Try these tips:

General:
• Only buy on a cash basis. If you cannot afford something try and save up for it.
• Do not be afraid to haggle if you are paying cash.
• When you are thinking of buying something wait for 30 days. Then before you buy it ask yourself if you still need it! In the meantime - check prices.
• Use the washing machine to full potential.
• Buy items out of season. Buy Christmas cards half-price in January - just don't lose them!
• Learn home and car maintenance.
• Keep budgeting.

Food
• Always use a shopping list.
• Never go shopping when you are hungry.
• Try own brands.
• Buy long-life food in bulk - as long as you know you will use it.
• Use a calculator to add up the cost as you go along.
• Plan your meals before you go shopping and only buy for those meals.
• Evaluate whether it is cheaper to buy items such as toothpaste and toiletries from the supermarket or chemist.
• Buy seasonal veg when they are cheap.
• Look out for special offers.
• Eat in wherever possible - it's cheaper.
• Avoid as many pre-prepared foods as possible, as you are paying for expensive labour.

Car
• Think about whether it is easier and cheaper to use public transport or a bike.
• Look for value (i.e. mileage and condition) as well as price
• Pay cash whenever possible
• Establish a repair fund in your budget.
• Keep the car properly maintained.
• Deal with any problems immediately they occur.
• Check a car carefully before buying it! Check for:
  Signs of repainting
  Burnt oil on the valves
  Any 'knocking' sounds
  Dirty exhaust
  Any vibration when you brake
  Check tyres, electricals, carpet and upholstery.

The next topic... DEBT!