Budgeting - your income

Creating a budget starts with your income.

• Firstly, make a list of all the income you receive. From employments - your salary, your spouse or partners salary - and earnings from any additional jobs. If your income is dependant on working overtime, make a note of how many extra hours per week you need to average to make ends meet.
  
  
• Secondly, note down any State Benefits received, such as child maintenance, State Pension. Make a note of how long these benefits will last and what, if any, the income restrictions are.
  
  
• Thirdly, record any unearned income you receive such as from investments or interest paid on money deposits, property rental income, or from any other source not shown here. And note whether all taxes are paid on these incomes or whether you need to pay tax later.

Budgeting your assets

Budgeting your liabilities

Budgeting your expenses