There are plenty of apps on the market that can help you manage your budget, track your spending, or even help you invest your small change.
These apps can support you to see your entire budgeting picture, as well as breaking down when and how you spend your money, so you can take control of your spending habits.
Budget and budget again
Put together a budget of income versus expenses such as rent and bills, and other pots of spending, then review and adjust it regularly. If you’re always overspending in one area and underspending in another, you may want to adjust where your money is allocated. Look ahead for the next month too, and include any planned or irregular spending such as buying schoolbooks and presents and social activities.
Check your utilities
There are various websites that allow you to compare quotes to see if you could be paying less for your household expenses, such as gas, electricity and broadband. You can even talk to your current supplier to see if they can help. Even saving a small amount each month can really add up over the year.
Online tool for Universal Credit
If you claim Universal Credit or want to apply, there’s a new Money Manager Tool that can guide you to making a new claim and budgeting while you’re waiting for your first payment.
Don’t be hard on yourself
You can be the best budgeter, but it’s normal for overspending to happen, so don’t beat yourself up over a slip here or there. Some months you’ll stay within or under your budget and some might be a little more expensive. It’s normal, and the main thing is that you continue to have a plan and continue to do your best to stick to it.
Let us know if you’re struggling
If you’re finding it hard to pay your bills or rent, please get in touch with us. You might be surprised how many options are available to you, even if you don’t qualify for benefits such as Universal Credit. We can also help with setting up a budget and making the most of your money.