BudgetDrive - Manage Your Money

Manage your money

Firstly It’s not easy. There are a number of sites that talk about different ways to save money. But it’s like dieting and becoming healthier – that is, easy to say, harder to do. 

Today we live in an ‘instant coffee’ world whereby many people want everything yesterday and want the latest things every year.

Managing your money is all about creating new habits. They say to kill one habit you need to start another and stick to it for at least 21 days. Most people start to budget when they have to rather than proactively planning; a bit like a New Year’s resolution – easy to make hard to keep up.

Managing your money is quite simple – you have money coming in and money going out. You can borrow money easily and lenders will tempt you with special offers.

The UK has the highest personal indebtedness in the world because we always want ‘a newer model’ now and we can buy it on credit.

Money management can also fail if we are not happy with our lives; if we have had a hard month at work and we think blow it, I will buy a new dress, shirt,shoes, or go out on the town. It’s a short term comfort blanket to appease your feelings but the next month you’re fretting because you don’t have enough cash to pay for everything.

Budget Facts

£ 1

is the average UK spend on food in 2017, up 4% on 2016 (Office National Statistics)

£ 5
per week

is the average household spending in 2016 (Office of National Statistics)

£ 1
per week

per household was spent on restaurants and hotels (Office of National Statistics)


is a well known budget with income for your needs (50%), your savings and debt (20%) and your wants (30%) – Elizabeth Warren

Map out your financial plan

We have done our own 10 step financial planning template you can look at and download.  It doesn’t just consider how to do a budget, but gives some tips on how to decide what’s important to you and how to balance the short term immediate issues with looking to the future. 

Following this will give you ideas on how to prioritise your spending. 

Budget format

You Drive the way to do your budget! Here you can download paper forms which you can print and fill in, download spreadsheets you can fill in and keep,  or do them online – again you’ll find the links here.

To go to the Money Helper Budget Planner, click the button below.  For the others, go to ‘More Info’ below.

Tips for doing your budget

There are loads of tips online for doing your family budget – we’ve come up with our favourites in this list:

  1. Get organised – make sure everything is included, and don’t guess!  It doesn’t matter if it’s on a spreadsheet or on paper – get everything down.  Look at six months of statements – remember some bills are quarterly. Remember cash!
  2. Set up categories and sub-categories – separate fixed costs (rent/mortgage, utilities, car and other insurance costs, etc) from discretionary costs (eating out, travel, gifts, etc.).
  3. Include all monthly costs and one-off costs – this includes ‘treats’ and holidays.  Don’t miss bits because they’re unusual.
  4. Include a ‘buffer’ – for unexpected costs and also treats – say 10% of food costs. Also round up costs – so £40.18 becomes £41.
  5. Pay off debt or make savings – if you have debt, allocate more than minimum payments. If not, allocate money for savings, and have a goal.
  6. Don’t overspend – some experts recommend putting money in envelopes and not using the tempting debit card!
  7. Plan your month’s spending in advance, and review it!  Allows you to reallocate between ‘pots’ if needed.
  8. Don’t give in! If it went wrong, because you missed something, or you just caved in after a bad day, try again!

For visitors

Why don't you join us?

You can register to join us as a member, when you’ll be able to download our stuff and comment, or as a YouDriver when you’ll also be able to check your health and set up your own action plans to make some improvements.  If you’ve already registered, sign in below. Or let us know what you think.

Martin Lewis on Budgeting


This video from Martin Lewis explains what’s needed to do a budget in real terms – allows you to set up a budget.  Note you can download the Excel spreadsheet used at the bottom of this page!!

“Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.”
will smith
Will Smith

Next Steps

It doesn’t matter what stage  you’re at – it’s important to be the best you can be.  At the end of the day it’s about taking personal responsibility – You Drive!

It’s really your choice. You can find out more information about the subject, or see other institutions that can help by going to Support. There you will find organisations, training, coaching, self-help courses and other items to support your personal change. We have also started developing a panel of experts to provide info, advice, help and support. 

More Information

Scroll down to see more information on this Drive.  If you register with us by providing an email address you can also download reports, white papers, quizzes and other collaterals.  Don’t worry, we will never ask you for any financial information, and we’ll only send you the information you want.

You can register for our site either above or in the footer below, and there’s more information available and you can comment and participate in discussions too.  We want to encourage our members to provide their own questions and experiences in order to help other members.  We only moderate for spam and inflammatory language – see our moderation policy here.

Soon you will be able to register as a YouDriver – you’ll get your own health dashboard, be able to assess your own health, look at how to improve it and build your own action plans.

We also show you links to other sites offering support in this area and also some products and services which might help you on our Support pages, which you can go to by clicking the Support button below.

Get Support

There are times when you need some help to meet your aims. At YouDriveHealth we try to help you to take control of your own health. Sometimes however you need a helping hand.

As the next step we are compiling a list of experts who can help you, whether by providing advice, help or specialised services.  In the future you will be able to access these experts from anywhere on our site you see our ‘Experts’ symbol.

We will be adding to our list of experts continually; we try to recommend things and partners that we have used ourselves, but obviously we can’t take any responsibility for any specific outcomes.  

If you click the button you’ll see what our Experts list will look like, with a couple of imaginary ‘experts’ added!

If you’ve found this interesting, then please share it on social media!  Choose your network!


If you’ve found this interesting, then please share it on social media!  Choose your network!

People who liked this Drive also liked:

Some products or services contain affiliate links and we may receive a commission for purchases made through these links.

See what other things can help

More information

This free 10 week plan from Money Helper helps you build confidence to manage your money.

Use the Money Helper budget planner to plan your budget

StepChange the leading debt charity have a section on budgeting – why it’s important, how to make an income and expenditure statement if you need one and how to manage your budget.

If you want an app to help you budget, see the list of the 6 best personal finance apps of 2022 at Investopedia

There’s a template for budgeting from StepChange, the Debt Charity – in Excel so you can enter your own numbers

There’s a template for budgeting from StepChange, the Debt Charity – in PDF format so you can print and enter your own numbers manually

There’s a template for budgeting from MoneySavingInspiration in Excel

There’s a template in Excel you can use from  MoneySavingExpert for setting up your budget

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments