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Managing my money
Managing my money

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3.3.5 Now complete your budget

You’ve got to the point where you should be able to complete your budget. Have a go at doing this now, using the MAS budget planner [Tip: hold Ctrl and click a link to open it in a new tab. (Hide tip)] that you worked with first in Week 2 (remember to open it in a new window or tab). You’ve now got figures for both your income and expenditure, and so you can complete your budget in your fact find. You might want to revise your budget by making use of the third column – unless of course you’re entirely happy with your budgetary state of affairs.

Figure 14

What does the completed budget tell you about your current financial position?

What actions – if any – are you going to take to improve your financial position? Will this involve trying to increase income or cut expenditure or both?