TwitterFacebook

 
When everyone has a home

Housing advice for Northern Ireland

Budgeting skills

The key to budgeting is properly understanding how much money is coming in and going out of your household every month. Our tools can help you organise a proper monthly budget.  Once you've done this, our budgeting basics will help you figure out how to set up a repayment plan and make the most of your income.

Make a list of all your debts. Check the bills or reminders that have been coming through the post and go through your bank statements to see what direct debits are being taken out of your account.

Sort these into priority debts and non-priority. If you don’t pay priority debts you could lose your home or lose essential services.

Work out how much you earn

Use the income sheet to work out your household's regular income. Use either weekly or monthly figures, and stick to them throughout. If you need help converting the amount into weekly or monthly figures, you can use our converter tool.

Type the figures into the table and the totals will appear when you click on the CALCULATE button. To clear the form click on the RESET FORM button.

Alternatively you can download this form as a PDF.

Work out how much you spend

Use the spending sheet to work out how much your household spends. Use either weekly or monthly figures, and stick to them throughout. If you need help converting the amount into weekly or monthly figures, you can use our converter tool.

Type the figures into the table and the totals will appear when you click on the CALCULATE button. To clear the form click on the RESET FORM button.

Alternatively you can download this form as a PDF.

Quick basic budget

Use the form below to prepare a short financial statement to send to your creditors. Use either weekly or monthly figures, and stick to them throughout. If you need help converting the amount into weekly or monthly figures, you can use our converter tool.

Type the figures into the table and the totals will appear when you click on the CALCULATE button. To clear the form click on the RESET FORM button.

Alternatively you can download this form as a PDF.

Preparing a list of all your income

Use the form below to prepare an income form (IF1) statement in preparation for a court hearing.

Use weekly figures, which will be converted and display also as monthly figures on the generated statement. If you need help converting your amounts into weekly figures, you can use our converter tool.

Type the figures into the table and the totals will appear when you click on the CALCULATE button. To clear the form click on the RESET FORM button.

Preparing a list of all your spending

Use the form below to prepare an expenditure form (EF1) statement in preparation for a court hearing.

Use weekly figures, which will be converted and display also as monthly figures on the generated statement. If you need help converting your amounts into weekly figures, you can use our converter tool.

Type the figures into the table and the totals will appear when you click on the CALCULATE button. To clear the form click on the RESET FORM button.

When you’re in debt it’s not always easy to recognise that you have a problem and need to get help. Learning how to budget effectively is a good first step. The good news is that there are lots of charities and government funded agencies that can help you with this, so you should never have to pay for debt advice.

When you're preparing a budget or checking your income and expenditure, you need to make sure that your calculations are correct. It can be difficult converting a weekly payment into a monthly payment and vice versa and it's easy to make mistakes when you're doing this.