Budget Calculator UK | Monthly Expenses Calculator | YBS
Why make a budget?
Be prepared – Making a budget can help you to make sure you don’t run out of money at the end of the month.
Savings goals – Got something in mind you want to save up for? Whether it’s a wedding, a home or a new baby, a budget can help you get closer to your savings goal.
Emergency funds – You never know when you might need cash for a rainy day. Putting money aside could help if you ever need money at short notice.
Our budget calculator explained
Our budget calculator is simple to use. Add your monthly expenses – the essential stuff, like food, transport, bills and housing. Next, include what you spend on hobbies, family, entertainment and more.
Your results will break down your spending, so it’s simple to see where you might be able to save.
How to manage your spending
Saving money isn’t easy, especially as the cost of living continues to rise. If you’ve made a budget but you aren’t sure how to stick to it, here are some tips:
Shop online – Doing your food shop online could help you to avoid impulse buys.
Pay off any debts – Your monthly budget can get squeezed if you’ve got debt. Making a plan to pay this off could help you get your money under control.
Get support if you need it – If you’re struggling, support may be available through the government or charities.