Budgeting

If you are trying to better manage your finances, it is essential to keep track of how much money you have coming in (income) and how much money you have going out (expenditure).

You can download and print our simple budget sheet (124 KB).
Alternatively, call us on 0121 322 7373 and ask for a budget sheet to be sent to your home address.

If you have more going out than coming in then you need to see if you can:

Increase your income

Could you increase your hours of work?
Have you checked your benefits entitlements?
Is there someone living with you who should be paying you some board?

Reduce your outgoings

Are there any non-essential things on your outgoings list which you could cancel until your financial situation improves? For example: Sky TV, Gym membership, mobile phone contract?
Can you reduce other items such as groceries bills? Visit www.comparesupermarketprices.co.uk to compare prices.
Check your energy supplier is the cheapest for your needs and consider switching to save money. Visit uswitch.com.

Reduce your energy bills with Mercian's energy advice >

If you have debts which you are struggling to pay, visit our help with debt page.

If you are struggling to balance your budget or make ends meet, you may need to see Mercian’s Financial Capability Officer. Why not call 0121 322 7373 and ask for an appointment?

Last modified 27/09/11