"We can't undo the past the future is what we can influence"
A budget is a method of tracking your income and expenditures.
The first step in taking control of your financial situation is understanding what your current position is, a budget paints this picture for you.
There are many apps around to help you create a budget. We use excel as its easy to use and adapt as your Money Management skills grow.
Simply record any income and expenditure on a spreadsheet, both should be recorded on a per month basis. To find out what your income and expenditures are, look back over a previous months bank statement and record the date, name and amount of each one.
Download our free budget template to help get you started.