Monthly outgoings — enter 0 if not applicable
What is the 50/30/20 rule?
A simple budgeting guideline: spend 50% of take-home pay on needs (housing, food, bills), 30% on wants (entertainment, dining out), and save or invest 20%. It's a helpful starting point, not a strict rule.
How much should I save each month?
Most financial experts suggest saving at least 10-20% of your take-home pay. Even starting with £50 a month builds a habit. Check our Savings page for the best places to put it.
What if I have nothing left over?
Start by reviewing your biggest outgoings — housing, bills, and food. Check if you're on the best energy tariff, whether you can reduce subscriptions, and if there are cheaper alternatives for regular purchases.
Should I include debt repayments?
Yes, always include minimum debt repayments as a fixed outgoing. If you have money left over after budgeting, paying down high-interest debt (like credit cards) is usually the best use of spare funds.
What is a good amount to keep as an emergency fund?
Aim to build up 3-6 months of essential expenses in an easy-access savings account. This protects you if you lose your job or face an unexpected bill.