Saving money and sticking to a budget

By understanding the money, you have coming in (income) and balancing it with the money you are
spending (outgoings or expenditure), you can start to make the most of their money.
What is a budget and who is it for?

Key points

1.Expenditure – the amount of money spent.
2.Income – the money received.
3. Balance (positive or negative) – total income minus total expenditure
4. Living costs including accommodation, food, bills, and clothes.
5. One-off costs such as a new laptop
6. Travel for example taxi or train fares
7. Leisure which might include cinema or gym.

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Saving money and sticking to a budget

Key points

OUR VISION

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