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Beginner’s guide to managing your money
Taking the time to manage your money better can really pay off. It can help you stay on top of your bills and save £1,000s each year. You can use these extra savings to pay off any debts you might have, put them towards your pension, or spend them on your next car or holiday. Read on for money management tips, including how to set up a budget, sticking to it and how to save.
Complete guides to managing your finances in the 21st Century
Getting the hang of financial management, by learning how to budget and manage key expenses, is a skill you’ll use throughout life. Here’s an e-book that provides excellent information and resources on how to manage your finances.
A Guide to Family Financial Planning
Having children takes careful financial planning to make sure money doesn’t become a stress on you and your family. This guides runs through how you could consider your family’s future, confidently take your first steps as a family, and set up plans which will last a lifetime.
Goodbudget is budgeting software based on the envelope method. You make envelopes for all your budgeting categories – rent, groceries, eating out, date night, etc. After that, you set aside money up front in each envelope to spend based on categories and not your account balance.
Helping you take control of your financial wellness
Through distinctive calculators, guides and expert advice, YourWealth is a useful tool in helping you make wiser financial decisions.
The site is divided into sections including pensions, retirement income, investment, tax planning and trusts, insurance, savings, mortgages and borrowing and Money Hub.
Living on a Budget – Money Advice Service
Managing money and making ends meet when you’re on a low income takes careful organisation. So we’ve pulled together some of the best ways to make sure you’re using all the tricks in the book to help you stay in control when you’re on a tight budget.
Money Dashboard is a personal financial assistant that shows you exactly where money goes and helps you make better decisions.
Overhaul your finances
Here are some useful tips on how to overhaul your finances. “Typically, families who’ve never done this before, on average earnings, can save up to £3,000 a year.”
Royal Bank of Scotland Budget Calulator
Understanding where your money goes is the first step in budget planning. Take control of your finances, and use this calculator to help you manage your budget.
Steps to help you manage your personal finances
Here are five keys that can help you get control of your finances. Once you have started following these five steps consistently the stress about your finances should diminish.
StepChange Debt Charity
This site helps you get and then keep on top of your finances with helpful online tools and advice.
The 11 Best UK Apps for Money Management and Personal Finance
You can make your life easier by utilising the right money management, budgeting and personal finance apps. There are loads out there, so to help you get started, we’ve collected our favourites and the ones we think are most useful in the U.K.
The best free personal finance software 2017
The first step on the road to financial success is understanding what’s going on with the cash you already have. Once this is covered, you can start to think about how to generate more, and how to make what you have work harder. You could pay an accountant to trawl through your bank statements, or you could draw up ledgers of your own. A far better and easier way, however, is to turn to free home finance software, which can make light work of managing your money.
Wally is a personal finance app available on the iPhone. It helps you compare your income to your expenses, understand where your money goes, and set and achieve goals. Wally lets you keep track of the details as you spend money: where, when, what, why, & how much.
You and your money
Learn about the different changes you might face in your life – having a baby, moving home, caring for someone, starting or leaving work. Every change will affect your money – how much you have and how you spend it.
You Need A Budget 4 (YNAB)
YNAB is a software app based on the concept of having pots of money for different things. Its mantra is “give every dollar a job” (it is American but you get the option to work in pounds). Users divide their income into separate pots, such as rent or groceries, when they get paid, and every pound is accounted for. If you over- or under-spend in an area you can move money to another pot.