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Budgeting Tools

Introduction

Managing your finances can be tricky, but our budgeting tool is here to help. This tool allows you to easily review your income, expenses, and savings goals, giving you a clear picture of your money. Whether you’re planning for the future or looking to get more organised, our budget planner guides you toward informed financial decisions.

Before You Begin:

Gather your recent bills, bank statements, and records of any cash spending from the last few months. Include one-off expenses like insurance or subscriptions to get a complete overview of your spending.

Savings

Planning for the future? This section lets you set savings goals and see how long it will take to reach them based on your current budget. On the results page, you’ll get a detailed breakdown of how much you need to set aside regularly to hit your target.

Frequency

How would you like to input your incomings and outgoings?

Goal Type

We'll let you know how long it's going to take you to save your goal amount.

We'll let you know how much you need to put away to hit your goal amount within your required time.

Duration

How many weeks do you want to achieve your goal amount by?

Weeks
Goal Amount

How much do you want to save?

£
Saving Percentage

What percentage of your left over income do you want to put towards savings?

%

Income

Input all your sources of income—wages, benefits, or other payments. This will help you clearly see how much money is coming in each month.

Earnings are any money you get from employment or self-employment. This might be paid as a salary into your bank, you may cash out from an online platform or agency, you might send a client an invoice, or you might directly receive cash. If you are employed, it may include sick pay, holiday pay, and parental leave.
Your salary (take home)
£
Your partner's salary (take home)
£
Other
£

This is any income you receive from the government or local authority, for example Universal Credit, PIP, and Child Benefit.
Universal Credit
£
Jobseeker's Allowance (income based)
£
Jobseeker's Allowance (contribution based)
£
Income Support
£
Working Tax Credit
£
Child Tax Credit
£
Child Benefit
£
Employment and Support Allowance or Statutory Sick Pay
£
Disability benefits
£
Carer's Allowance
£
Local Housing Allowance/Housing Benefit
£
Council Tax support
£

Here you can add additional income items.
Additional
£
Income Total

Per

Outgoing

Track all your regular expenses, from rent and bills to groceries and transport. Don’t forget occasional costs like annual subscriptions or one-off purchases. Understanding where your money goes is key to finding areas where you can save.

These are expenses related to your home, including rent or mortgage, water, Council tax, and heating.
Mortgage payment
£
Rent
£
Home Insurance
£

These are personal living costs, including food.
Grocery shopping
£
Takeaways
£
Alcohol at home
£
Cigarettes & tobacco
£

Here you can add any other outgoings you might have, such as insurance, travel and subscriptions.
Additional
£
Outgoing Total

Per

Results

Based on the information you provided, our tool will show you a summary of your financial picture below. You’ll see whether you’re on track with your budget or overspending. Use these insights to adjust your spending and savings, so you can better manage your money and reach your goals.

Income
Outgoing
Goal
Saving