We all need to learn how to best use the money we have to help us to avoid getting into crisis situations. Budgeting is the process of creating a plan to spend your money - a budget.
The course we offer is run over two sessions. Aspects of the training include:
- How to set up a budget
- How to get started on your budget
If you wish to join this free course please contact us.
Some simple tips:
You’ll need to work out how much you spend on essentials. If you’re spending more than you have coming in, you need to work out where you can cut back.
If you have loans or owe money on credit cards it usually makes sense to pay off the debt that charges the highest rate of interest first.
Set savings as a goal. Some people find it hard to get motivated about saving, but it’s often much easier if you set a goal.
Often, the hardest part of paying off your debts is taking the first step. It’s easy to feel overwhelmed if you know you’re struggling financially. It’s tempting to bury your head in the sand and ignore your bank statements and demands for payment, but it won’t make the problem any better and could make it worse. So, take a deep breath and open any letters you’ve been ignoring. Once you’ve done this, at least you’ll know what you have to deal with and you can work out what you need to do next.