AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
difference between your income and what you spend on essentials is your disposable income.non essential = make-up, gym memberships and Netflix.essential = expenses related to living, such as medication, rent or mortgage, plus debt repayments and utility bills.Split them into essential and non-essential spending:.Note down all your monthly expenses including the bill payments, purchases and withdrawals on your bank statements and note which are fixed expenses and which are variable expenses.Get together all your current account and credit card statements from at least the past three months.Take a close look at how much you spend, taking into account the below: Instead, take an average of your earnings over the past six or 12 months. Any benefits you claim, such as child benefitīe as accurate as possible, which can be difficult if you don’t have a fixed monthly income, e.g.Other sources of income, perhaps rent from a buy-to-let property.Work out how much you have coming in month to month per adult. ![]() ![]() To help you get started, follow the below tips. ![]() You can use our free budgeting tool or download a budgeting app or download a to help you. All you need to do is figure out what you have coming in and going out. You don’t have to be a personal finance whizz to create a monthly household budget.
0 Comments
Read More
Leave a Reply. |