Budgets

Writing a Budget

A budget is a list of your income and what you spend.

Your income includes

• Benefits
• Living Allowances
• Wages
• Interest from the Bank
• Money from Parents or carers
• Direct Payments

What you spend includes

• Rent
• Food
• Clothes
• Transport
• Leisure activities
• Power and Phone bills
• Things you buy

If you spend more than you get in income then you will go into debt.

If you spend less then you get in income you can save your money.

When you write a budget write down the cost of your spending and income.