Budgeting!

In my last post I was talking about budgeting, and since then I’ve made a bit of a budget for my 2nd year, using the budget planner from the Edge Hill website (www.edgehill.ac.uk/redalert).

This is my budget if any of you need an example of how much things cost:

Income

My income for Year 2

Expenses

My expenses for Year 2

Summary

My budget summary for Year 2

As you can see I’ll probably be overdrawn for most of the first semester, but that’s ok because a student overdraft is interest free, so don’t panic if this happens to you! Just make sure you’re staying inside the overdraft you have agreed with your bank for your student account.

This has been done using the monthly budget planner from the link above. There’s also a guide on there for how to use it, as well as a basic planner and one for a weekly budget, depending on how you want to budget.

That’s all for now, but remember to comment if you have any questions 🙂

Leave a Reply

Your email address will not be published. Required fields are marked *