Budget Advice
It is so important to have a plan for managing your income and expenses. Knowing where your money is going means less surprises, less stress and more financial freedom.
It is always a good idea to revise your budget every few months, especially when you are considering a purchase using a personal loan or car loan. It’s a lot more sensible to approach a new finance commitment knowing you can comfortably afford it rather than just hoping you can make the loan payments.
It’s quite simple really – all you need to do is make a list of all your commitments and total all the figures. Check that you have averaged all your figures for the same period, say over a week or a month.
A simple table is all you need to work it out:
| Income | Expenses | ||
|---|---|---|---|
| Your income (after tax) | $0.00 | Mortgage or rent | $0.00 |
| Your partner’s income | $0.00 | Rates, power, phone, insurance | $0.00 |
| Other income | $0.00 | Loan repayments and hire purchases | $0.00 |
| Car expenses (e.g. petrol, repairs, insurance etc) | $0.00 | ||
| Food and living expenses | $0.00 | ||
| Other | |||
| Total income | $0.00 | Total expenses | $0.00 |
Subtract your total expenses from your total income to see how much is left over.
If you find you have little left over, or seem to be spending more than you are currently earning, it would be advisable to consider clearing some of your expenses or commitments. Yes Finance can offer advice and services which will really make a difference to your finances. A Debt Consolidation Loan can help get your finances back under control.
We have a simple and quick debt consolidation calculator that will show you the benefits from doing this. We will work with you and decide the best way to turn your debts into an easy affordable payment. Financial freedom could be just around the corner!
How do I apply?
| You can complete an Online application | Apply online now |
| Send us a message and someone will contact you | Contact Us Now |
| Talk to our helpful lenders on the telephone | Toll free 0508 10 50 10 |
| Come in to your local branch and see us | Monday – Friday 9am – 5pm, Saturday 10am – 1pm |
