Having a plan for how you’re going to spend your money can help you to stay in control. You might know this kind of plan as a ‘budget’. A budget helps you see what money you have coming in, and what money is going out. Doing this helps you make small tweaks so you save money and don’t overspend.
Taking a closer look at your money can seem stressful. Especially if it’s not something you’ve done before. There are also added pressures if you have a low income or your outgoings are large. If you feel overwhelmed, you can reach out to your bank for support.
In this lesson, we’ll help you understand more about what a budget looks like and why you should budget. We’ll also help you start creating your own budget and give you some tools that can help you do this online.
Our aim is for you to get started with budgeting online. If you’d like to learn more about borrowing and what support you can get, start with our lesson on ‘Budgeting Essentials’.
Lloyds Bank Academy is committed to providing information in a way that is accessible and useful for our users. This information, however, is not in any way intended to amount to authority or advice on which reliance should be placed. You should seek professional advice as appropriate and required. Any sites, products or services named in this module are just examples of what's available. Lloyds Bank does not endorse the services they provide. The information in this module was last updated on 8th November 2023.