Managing money can be a source of worry for anyone. It doesn't need to be complicated.
Managing your money is about 3 things:
- How much money you have
- How much money you spend
- Making smart choices about when, how and where to spend your money, so that number 1 is always bigger than number 2!
How to start
If you are not used to managing your money, you can practise on small amounts, but keeping a record of what money you have and where it comes from, and write down items or bills you spend it on.
Your parents or carers can help you do this.
Why not try practising with your family budget, asking your parents or carer to help you and using our simple budget sheet. You can download it below.