Budget planner
This simple budget calculator will help you work out how much money you have available each month.
It will only take 5 minutes to complete. Your answers are completely confidential, and we won't see or keep any of your information.
New Year's resolutions are easy to make, but when the party's over which ones will you actually make the effort to keep?
January is the perfect month for developing new priorities and financial goals for the year ahead, but it's often easy to put off sorting out your finances because you don't know where to start. To help we've compiled this budget planner.
Actually writing down what you earn against what you spend is the easiest way of sorting out what you can and can't afford. The free budget planner below will help you form a realistic picture of your income and expenditure.
Budget planner results
Your budget calculator results show that you have more money coming in each month than you spend. You could think about saving or investing what you have left over.
Maybe its time to put some more savings away, if you haven't already, start an ISA. All taxpayers should have a Cash ISA. These are just like normal savings accounts but are tax free. Each year every UK adult gets a new ISA allowance. £3,600 a year is allowed in the cash savings and if you don't use it you lose it. Our range of ISA's includes our Best Buy ISA.
Your budget calculator results show that you are spending more money than you have coming in each month. To avoid problems, you need to cut back on your spending or increase your income.
If you think you are spending too much on your mortgage payments. Maybe it is time to have a look at a remortgage - view our range of mortgages
Review how much you pay each month on your unsecured debts. A typical loan rate of around 7% is far better than a typical credit card rate of 16%. View our personal loans
Your budget calculator results show that you are very close to spending more money than you have coming in each month. To avoid problems, you need to cut back on your spending or increase your income.
It may be worth reviewing your answers and look carefully at your debts as like most people is a combination of high interest credit cards, overdrafts and personal loans, it's probably time you considered consolidating all the debt into one low cost personal loan. Our partnership with Liverpool Victoria offers a low cost personal loan and if consolidating your debt like this will reduce the amount you pay, what are you waiting for?
