Do you hate it when you really need money, but your wallet is empty? No matter how little or how much money you have, spending it wisely is a good idea; it enables you to get the most bang for your buck.

In times of crisis it may be difficult to find full-time employment, or an apprenticeship or you may have had your benefits sanctioned. Closely examining your current income and expenses will help assess your financial situation. 

It’s good to have a rough idea of what money you can earn or are entitled to when looking for a job. Starting a course or apprenticeship can be expensive, transport in particular. It’s great to aim for the sky and it’s fine if you want to earn lots of money but you also need to be realistic about salaries and what to expect when looking for work or entering training.

Why should you budget?

Whether you are living with parents or in your own housing, it is important to learn how to budget in order to keep on top of finances. It is one thing that all adults must learn to do, some of you may already be doing it. It is particularly important if you already have to look after someone else, such as a baby.