| Step 2: Work out your Budget |
| |
| Remember a Budget Planner is for your own use, so be honest, write down your real Income and Expenditure |
| |
| What is a Budget? |
|
A Budget is a plan for the money you expect to get and how you intend to spend or save it. It is a helpful record because it will tell you
|
- How much money is coming in and going out
- How much money you have left
- How much of what you owe (your debts) you can afford to pay off
- How you can plan your spending in the future
- How much you can afford to save
- Where you can make changes to your spending
|
| |
Budgeting can give you:
|
- Peace of mind.. it stops you spending what you can't afford
- Controls your spending and avoids impulse buying
- You feel more organised...you can plan for goals such as a Holiday or Home Improvement
- Prepares you for emergencies....by putting money aside for "a rainy day"
- Support...it avoids you spending more than you earn (getting into debt)
- Support...to save money by making changes to your spending habits
|
| |
|
The National Consumer Agency offers a very helpful and quick Online Budget Calculator It will work out your Budget in seconds Download here available from their website www.nca.ie
Tip: When you have finished using the Budget and wish to return to this Workout, click on the Backward Key beside the http web address at the very top of the Budget's page.
|
|
| Alternatively you can print off a Budget Planner Work Sheet here |
|
Step 2: Budget Planner
