What is a household budget?
Your household budget is simply a note of the amount of money you have coming in compared to the amount of money you need to spend each month.
The best way to keep track of your budget is to write it down. You can write it down anywhere you like; we have included some links to useful budget tools and other ideas on this page.
Balancing the money coming in with the money going out is crucial so you can meet your rent payments and other important bills. Most of the decisions we make in life have some impact on our money, knowing how much you have coming in and going out will put you in strong position to make the best decisions.
Follow our 1, 2, 3 guide to getting it right