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Working out a budget

A budget is a list of all the money you receive and spend. Creating a budget is a great way of taking control of your finances.

The Citizens Advice website has a budgeting tool to help you understand:

  • what you’re earning and spending
  • where you might be able to cut costs.

Before you start, you will need:

  • bank statements
  • payslips
  • debit and credit card statements or bills
  • receipts for things you usually pay for in cash

How to read your energy meter

Your gas or electricity meter records how much you have used. Your energy supplier will need this to calculate your bill.