The start of a new year is a great time to take a look at your finances. High inflation in recent years means that your money may not stretch as far as it used to. You might be thinking about paying extra now to increase your income in later life.
MoneyHelper’s free budget calculator - This link opens in a new browser window will help you track how much money is coming in and how you are spending it. Knowing how to manage your budget is an excellent first step towards your financial goals, whether your aim is to hit your savings target, get out of debt or boost your retirement savings.
The budget planner will give you:
- a place to record all your spending, so you won’t forget anything
- a breakdown of how you spend your money
- personalised tips to make the most of your money.
MoneyHelper is a government-backed service that helps make your money and pension choices clearer. You can find more information about their services and how to find free, impartial guidance on the MoneyHelper website - This link opens in a new browser window.