If you always struggle to make ends meet, it’s time to work out a realistic budget you can stick to. In these uncertain times, working out a budget is even more important to help you make ends meet, cope with any emergencies and plan for your future.
Make some time
Once you take time to work out your regular budget, it only takes a few minutes every week to review it. Find the time and keep control of your money.
Your income and what you spend
Note down the income you receive; whether it's wages, benefits, tax credits or from another source.
Make a list of all of the things you pay for on a weekly or monthly basis. Be realistic, and don't forget things like car tax that you might only pay for once a year. If you can't think of everything, keep a diary, or make a note on your phone for a few weeks, of everything you spend.
Be in control of your budget
The Money Advice Service has lots of information and tools to help you manage your monthly budget and Universal Credit claim.
There are lots of free interactive tools online and available for smartphones, all designed to help you keep track of your spending.
Martin Lewis' Money Saving Expert also has lots of useful information to help you stay in control of your money.
We have specialist teams within The Wrekin Housing Group who can offer you expert help and guidance with benefit concerns, budgeting, debt, utility bills, banking. Speak to your Housing Executive if you think you will need help.