Budgeting isn’t complicated. All you’re going to do is make a list of what you earn, what you owe, and what you spend. That’s it. Having those numbers in front of you will help you understand exactly how tight your finances are — and whether there are some costs you could cut for the time being.
It’s really important that we understand your situation so that we can find options that’ll work for you.
Save time by using our interactive budget tool
Try our interactive budget tool, Paylink, which will walk you through the budget process. Completing it should take around 10-15 minutes — less time than answering the same questions over the phone. It can also get information from your credit data to make the process easier (don’t worry -this won’t show up on your credit record, and is optional).
You can stop and start Paylink whenever you like, and give us a call if you get stuck. When you get to the end, you can share your budget with us and also keep a copy to share with other creditors.
If you’d prefer to just fill in a simple budget planner form instead, we’ve included one here.
What you’ll need
Grab a cup of tea, and gather together your bank statements, payslips and anything else that’ll help you work out how much money you’re spending and earning.