Managing your money: living within your means

Understanding your incomings, like wages and benefits, and your outgoings, like food shopping and bills, can really help you get a grip on your finances.

Many people struggle to live within their means, especially as the cost of living continues to rise.  With our help you’ll soon be able to manage your money like a pro.  We’ll give you tips and advice on how to control your household budget and how to keep track of what money’s coming in and what’s going out. And thanks to Jasmine Birtles, we’ll even help you to think about avoiding debt and controlling your day-to-day spending. It’s all about balancing your money in and your money out. 

In this section, you’ll find pages to help you in:

• Managing your household's money better - practical tips to get you started managing your family's incomings and outgoings
• Spending diary - a spending diary is one of the easiest way to keep track of what you’re spending your money on.
• Understanding your payslip - know what the different codes, jargon and sections mean and how to make sure you're being paid what you're owed
  
• Understanding your bank statement - understand the incomings and outgoings as well as the jargon used on your bank statement
  
• Understanding your utility bills – get your head around the jargon and different sections of your bill
  
• Controlling your debt - understand the jargon, how much you're paying and where you can get free advice about debt
  
• Download our FREE app - manage your money better with Money MOT