Our services Training Budgeting Taking the time to manage your money better can really pay off. It can help you stay on top of your bills and save £1,000s each year. You can use these extra savings to pay off any debts you might have, put them towards your pension, or spend them on your next car or holiday. How to set up a budget The first step to taking control of your finances is doing a budget. It will take a little effort, but it’s a great way to get an overview of the money you have coming in and going out. Setting up 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 Over half of UK households keep a regular budget. Most say it gives them peace of mind about how much they are spending, and makes them feel better about life in general. To get started on your budget, you’ll need to work out how much you spend on: Household bills Living costs Financial products (insurance…) Family and friends (presents…) Travel (car costs, public transport…) Leisure (holidays, sport, restaurants…) Use our online budgeting tool to get you started.