Budgeting help

sarahowen

Hello!

I was hoping to get some help with setting up (another) budget. I get some of my income at the end of the month, some it every week and some of it on a random week of the month. How do I successfully put aside the right amount of money and make sure my bills get paid on time? I don't think I can cover all my bills with my salary payment at the minute.

Does anybody else deal with this? What's the best way forward?

Thanks for your help

SeduLOUs

YNAB.

https://forums.moneysavingexpert.com/discussion/5027025

grumbler

sarahowen wrote: »

I was hoping to get some help with setting up (another) budget. I get some of my income at the end of the month, some it every week and some of it on a random week of the month. How do I successfully put aside the right amount of money and make sure my bills get paid on time? I don't think I can cover all my bills with my salary payment at the minute.

Budgeting is about spending less than you make, not about spending all money as soon as you get it and balancing on the edge of overdraft all time.

Create (save) a buffer that covers all your monthly expenses and then never spend more than you earn.

You have to budget for annual expenses and emergences as well. For this you may or may not use a separate account.