![]() The most common forms of debt for young people are unpaid rent, mobile phone bills, and credit and store cards. Visit the StepChange website Paying off debt Rent is a priority debt StepChangeįind out more about making a budget through the debt advice charity StepChange. Get help CentrepointĬontact the Centrepoint Helpline and we can connect you with services local to you that might be able to help with budgeting. This will help you to make sure you are not spending more money than you have. These might be extras, such as going out and hobbies, or longer-term goals such as paying off your debts. Once the basics are taken care of, look at your wants. Other household bills, like gas and electricity, are also essential needs. Look carefully at everything you spend money on and decide which of them are ' needs' and which are ' wants'. If you don’t, it’s easy to get yourself into debt. If you’re doing a weekly budget, you will need to work out the weekly cost of bills which come in every one or three months.īeing able to budget helps you to stay in control of your money. This will help you to understand where your money goes and shows what you have each month/week to spend or save. You can use a budget planning tool, like this one from Debt Advice Foundation. The first step to making a budget is to work out what money you have coming in (income) and what money you have going out (outgoings) – and when. Work out what money you have coming in and going out And it’s straightforward to learn how to budget. Is any other financial support available to me? How to budgetĭo you know how much money you have? Or how much you can afford to spend? It’s extremely important to keep on top of your money. What financial support might help me if I’m facing homelessness? How do I set up a bank account without a fixed address? What other financial help is available to me? ![]() On this page, you’ll find guidance on what help is available, plus support with everything from how to budget to setting up a bank account when you don’t have an address. I'm experiencing violence, abuse or threats.
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