Never have enough money to save for something special?
Where does your money go?
A budget lets you see where your money comes from and where it goes. It sets out three things: your income (the money that comes in to you), your spending, and the difference between the two.
You save money if you have more income than spending!
A budget also lets you make adjustments - if you want to save more, you might decide where to spend less, or earn more!
| Income | Amount | How often | Weekly equivalent |
|---|---|---|---|
| Net pay from job (what's left after tax) | $ | $ | |
| Cash from family | $ | $ | |
| Government allowance | $ | $ | |
| Birthday/Christmas money | $ | $ | |
| Other | $ | $ | |
| Total Income | $ | ||
| Weekly Spending | Breakdown | Weekly total | |
| School | Fees $ |
Transport $ |
$ |
| Sport | Fees/gear $ |
Transport $ |
$ |
| Going out | Activities $ |
Transport $ |
$ |
| Clothes/CDs | Clothes $ |
CD/DVD $ |
$ |
| Mobile phone | Calls $ |
Text Messages $ |
$ |
| Other | $ | $ | |
| Total Spending | $ | ||
| How much can I save each week? | $ | ||