My money plan.

By planning how you spend your money you could have more of the things you want. Things like event tickets, the latest tech gadget, a new car, new home, or helping family and friends So what can you do about it? By having a plan for your money you can make choices on how you spend your money. Use a money diary or money management App to keep a record of your money coming in and money going out.

First write down how much money you get each month. Then work out things like: •how much rent you need to pay •how much you spend on food •how much you need for fuel or transport •how much you need for any loan or credit card repayments, or your phone plan, and what other bills you need to pay. Don’t forget to put aside some money for things you’re not expecting – like car repairs, or a trip to the doctors. You may be surprised by how much you spend on certain items.

That doesn't mean you have to give these up though. It’s about looking at where your money is going and making the choice about what you want to spend your money on. So, let’s recap. Write down how much money you have coming in, then how much you’ve got going out. Then you’ll be able to adjust your spending to make sure you have some left over to save up for the things you want. Planning will help you to make good money choices and have more control over your spending.