Writing a Budget Writing a simple budget can help you manage
your money and reduce financial stress. The trick is to balance
your spending with the money you have coming in and to make your
essential costs like rent and food a priority. We’ve put
together a number of Money Saving Tips that can help you achieve
this. By using our budgeting tools, such as the Forecast Tool
and Cardiff University App , you will be able to see what money
you have coming in and what money you have going out (and when!)
You will then have a good idea of what you have left over for
fun, it’s easy to lose track of this sort of spending which can
leave you short of rent. Breaking your budget down in to a
weekly or monthly plan will help you keep on top of your
finances, so you can make your money stretch until your next
funding instalment or payday. Sometimes it can be really
difficult to figure out how much money you spend on things you
need or things you just want. A spending diary can help you with
these decisions, so you can balan