How do people budget? Weekly, monthly?

This board has been created to share any money saving ideas, tips and hints. Please contribute your thoughts so everybody can economise on their budgets.. This is NOT a selling site.

Post by Guest »

I always ensure my bills are covered each month, then I work out how much I have left to live on.

I am trying to save which I'm really not good at! I was thinking of giving myself a set amount a week for food shopping and fuel then the rest is to either save or spend if needed.

Does anyone else do this? Does it work?


Post by Kate »

I don't. I pay bills, put some money in savings and then spend carefully. Think twice do I need this? Before buying

Post by Paul »

I track all my spending and have a detailed budget. If its not something that comes naturally set some time aside each week to do it. Remember a budget is there to help and not be your master and don't set unrealistic expectations as you probably wont meet them and give up.

Post by Dawn »

I have two bank accounts and one building society account. The day after payday, (monthly) money is transferred into the other bank account to cover all bills/direct debits/standing orders, and £100 is transferred into my building society account (Emergency fund). It means that I always know how much is available to me.

Post by Barbara »

We pay bills put money in saving and the divide what’s left by how many weeks in the month for food petrol and luxuries.

Post by Sandra »

I pay myself monthly (self employed). I send a fixed amount that same day to my DD account so that all the regular payments are taken care of then I send a fixed amount to my Premium bonds account. The rest is for food, diesel, eating out, clothing, birthdays etc... So, if there's a birthday and a wedding in the same month, I know that I won't be buying clothes or eating out that month. Takes a bit of planning and awareness of what's coming up.

Post by Emma »

I get paid monthly, all my bills are monthly. I give myself a monthly budget for food, petrol, spends etc from whats left after bills.
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