What you spend

Doing a budget can be incredibly revealing, as it shows you exactly where all your money is going. You can then decide if it's where you want it to be going and if not, make some changes.

Once you've identified what's essential from what's 'good-to-have', then you can decide whether what's 'good-to-have' is worth getting into debt for.

Do a budget

Knowing exactly where your money is going is the first step toward controlling your spending and making smarter decisions.

Go into our student budget calculator and have a play. You can save your calculations into My Sorted and dust it off every now and then to see if you're on track.

 

Glossary: debt
Debt is what you owe - it comes in many forms, including mortgages, personal loans, credit card balances, hire purchase agreements, loans from family.