Managing your money: introduction

a man writing things down

The best way to manage your money is to make a budget. This means writing down the amount of money that comes in and the amount of money that goes out.

Anything left over, you can spend on things you might want.

a man putting money into his savings account with a calendar behind him

Or you could save it up if you need a big item like a holiday or something new for your home.

a man writing things down and benefits, gifts and wages going into his bank account

This section tells you about money coming in, making a budget and using a bank account.

Budget

This means writing down the amount of money that comes in and the amount of money that goes out.

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Bank account

You can put money in the bank and leave it there. Then when you need it you can take the money out to pay for things.

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Find out about money coming in