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Benefit By Budgeting
Oct 09, 2011

Living on a budget helps you to make more of your money long term. If you like the sound of this, we hope we can share some great ideas to help you to budget more effectively now and in the future.    

Track your income and expenditure. Identify how much money you have coming in against how much you spend each month. Analyse where you could instantly save money. Could you reduce your phone and Internet tariffs? Are you paying too much for insurance premiums? Do you utilise your monthly gym membership effectively? You can easily resolve these questions by calling up your suppliers and asking them to recalculate your payment terms. Companies are often willing to reduce charges to retain customers and if they won’t, someone else can usually offer you a better deal if you have a sound credit rating.

Deal with your debts. If you’ve debts, don’t avoid paying them as this will cost you more in the long term and your financial situation could spiral out of control. Calculate how much you can afford each month to pay down your debts. You can even work out a debt payment scheme with your creditors, which can be a great help.

Set a limit for day-to-day living. Once you have assessed how much you need to cover monthly bills and outgoings, you should now be able to calculate a cost of living allowance. Try to keep in mind everything you need to pay for each month, including food shopping and petrol.

Plan for the future. If you have any spare cash, don’t squander it. Instead set up a monthly direct debit so any spare money goes into a high interest account. Visit financial comparison websites to review the best deals currently available.

Life can sometimes take an unexpected turn. Your car could break down or a pipe in your home might burst. Even if you’ve little savings, effective budgeting will help ease the pressure if the going gets tough.

Empowering Mums does not endorse any particular method of financial planning and cannot be held accountable for the tips given in this article. The ideas outlined here are merely suggestions to help with everyday budgeting.

Start your journey today – achieve confidence, balance and clarity for an easier, happier life!

Empowering Mums is on a mission to empower a million mums and mumpreneurs just like you with greater confidence, balance and clarity to activate your infinite capabilities within! Enabling you to enjoy an easier, happier life alongside running a highly successful business. Aligned with enjoying time out for an essential self-care routine that fulfils your own needs and delight in quality time spent with your children being the mum you really want to be!

For further support please contact Empowering Mums today on 01606 334 015, alternatively visit our website at for more information.




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