Budgeting can help you avoid getting into debt.
Knowing how much to set aside for rent, bills and other expenses will help you to make sure that important costs are covered and should help you avoid getting into arrears or debt.
You can use this online budget planner to help you work out exactly how much money is coming in and going out each month.
Once you’ve completed your budget planner, take some time to look at how much you spend on rent, council tax, utilities, food, travel, child care, phones and entertainment.
If the income figure is less than the expenses, then you should contact our Money Advice Team as soon as possible for help on managing your money.
There are many ways to reduce these costs and plenty of tips to help.
If you have already found yourself in debt, visit our Dealing with Debt page for more advice or call us on 0300 456 2531 to book a Money Advice session.
Did you know?
An average of £9.9bn worth of tax credits and other benefits go unclaimed each year. If you’re unsure what benefits you are entitled to, use the benefits calculator to check.