First thing to do is sit down and write a list of all your expenses for the month. The easiest way to find this out is to go through last months bank statements (or even the last 3 months). If you have a computer, use Excel use this to record the data. In one column put your income, in the second column put your expenses. Income is money coming in. Expenses is money going out.

If your expenses are more than your income you need to see if you can cut or minimise some of those expenses OR alternatively have a look at ways to increase your income.

Budgeting is a useful tool to save up for holidays or more expensive items and to track your spending.

Great websites like can help with more info on how to set up a budget.

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