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Working out a
personal budget
A personal budget is an essential tool to help you tackle your debt
and credit card
problems. This section will help you work out how much you
have coming in and what you are spending. You can then see how
much you have left over to pay off your debts especially those high
interest rate credit cards. You can start
to record this information on a personal budget sheet.
So why should you
do a personal budget?
Working out a personal budget is important because
it helps you:
see
how much money is coming into your household
see
how much money is going out
see
how much money you have left
work
out affordable offers to creditors
plan
your future spending.
As you work through
this page you will gradually collect the facts you need to fill in
the personal budget. Firstly, choose whether you want to use a
monthly or weekly budget sheet.
Monthly
Weekly
Once you have completed your personal budget sheet,
you can use this to work out your disposable income.
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