Working out your personal budget

Getting Started

Complete the four boxes in Your details. This information will help Your budget to give you tailored guidance about some of your figures. As you start to complete Your budget you will find lots of guidance to help you. If you get stuck, contact us for advice.  When you fill in your budget, you can put in amounts that range from weekly to yearly figures. These will automatically change to a calendar monthly total at the end of each section.

If you have already saved a budget, you can load your budget to view or edit it.

You can save your budget at any time and come back to it later.

You can download your full budget to a PDF.

You can download your summary budget to a PDF. This is a simplified version of your budget to send to your creditors.

If you would rather complete a paper copy, you can download a blank version of both the full budget and budget summary.

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Include all types of income coming into your household.

Salary or wages

Include salary and wages after deductions (normal take home pay). Only include overtime if it's regular. Check with your local tax office that you have the right tax code.

Other types of income you might have

Your benefits and tax credits

If you are on a low income, you may be entitled to benefits that you are not claiming. If you are sick or disabled, you may be able to claim a range of disability benefits. Contact us for advice.

Your pensions

Assets are things like savings or the value of property, such as your home or car. Creditors will not usually expect you to sell these to pay off your debts but it is a good idea to show that you have at least considered whether this is an option. By clicking yes here, you are confirming that you have no assets that you can sell to make lump-sum payments to pay off your debts. This statement will appear on your budget. If you are thinking about using any of your assets to pay off your debts, you may have other options. Contact us for advice.

Your assets

Include all your household's outgoings.

If your spending in some areas seems to be higher than average, you will see a pop-up box telling you this. Use the space in the pop-up box to explain the reason to your creditors. This statement will appear in your budget. You can go back to your statement and change it if you need to.

Essential spending


Include your home phone and any mobile phones. Only include your ongoing bill. If you have a debt for a phone you no longer use, deal with this as a non-priority debt.


Include the costs of travel to work, school and for shopping.


Make sure you include any extra costs you have because of an illness or disability. For example, you might have a special diet which means you spend more on food. Don't forget to include housekeeping costs for any non-dependants who are included in your household.

Other spending

Other spending is made up of a mixture of things that need to be budgeted for. This type of spending will vary from household to household.

If you have any other spending not included elsewhere add as extra items to this list - do not include debt payments

List any priority debts that you have and payments that you have agreed to make. Priority creditors have stronger powers to get their money back than non-priority debts and must be dealt with first. Look at the list below for the main priority debts. For more information about dealing with priority debts, see Step 3 of Dealing with your debt.

List all your non-priority debts here. These are debts like credit cards, unsecured bank loans and overdrafts.

Put how many non-priority debts you have in the box below. You can change this later if you need to.

Use this space to tell your creditors anything else that you think they might need to know.

If you have finished working on your budget, you can decide what to do next.