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6 Tips for Being Successful at Budgeting
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The past few years have been difficult for a lot of us, uncertainty over health and work has brought new challenges and had an effect on our mental health. If you have struggled or are now still finding things a struggle, let’s look at creating some order in that chaos with tips for being successful at budgeting. It will feel like someone has set a reset button for you.
Get organised and take your time
Many will just say, just start! And yes, that is a good theory but you need to do this right from the start so you will need a bit of preparation first. Get together all the paperwork that you need;
- Bank statements (can just be a couple of months)
- Recent credit card bills
- Copies of your household bills
- Details of your savings and pension contributions
- Any other income that you have.
If your income is monthly, make a monthly budget but if your income is weekly or fortnightly, then adjust accordingly to the same time length in budget. With this information you’ll be able to start budget…
