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Budgeting Guide | FamilyMoneyExpert.com
Budgeting Guide | FamilyMoneyExpert.com

Simple Budgeting Guide

Plan your money and save more each month

Why budget?

A budget helps you control your spending and save for goals. It’s easy to start and can save you hundreds yearly.

How to start budgeting

  • Track your income: Note your monthly pay after tax.
  • List expenses: Include bills, food, and fun spending.
  • Set savings goals: Aim to save 10% of your income.
  • Check progress: Review your budget monthly.

This is not financial advice. Always check your situation before acting.

Savings Guide | FamilyMoneyExpert.com
Savings Guide | FamilyMoneyExpert.com
Savings Guide | FamilyMoneyExpert.com
Savings Guide | FamilyMoneyExpert.com

How to Boost Your Savings

Saving money can help you plan for big goals, like a holiday or a new car. A few simple steps can make a big difference to your yearly savings.

Step 1: Track Your Spending

Write down what you spend each month. This helps you spot where you can cut back.

  • Check your bank statements for regular payments.
  • Note daily expenses, like coffee or snacks.
  • Use our budget calculator to plan.

Step 2: Set a Savings Goal

Decide how much you want to save each month. Even small amounts add up over time.

  • Aim for 10% of your monthly pay if possible.
  • Open a savings account to keep your money separate.
  • Read our savings accounts guide for tips.
Savings Guide | FamilyMoneyExpert.com
Savings Guide | FamilyMoneyExpert.com

Why Save?

Saving helps you plan for big goals, like a holiday or a new car.

Set Savings Goals

Aim to save a small amount each month, like 5% of your pay.

Track Your Spending

Write down what you spend to spot where you can cut back.

Choose a Savings Account

Pick an account with a good interest rate. See our savings accounts guide.

Savings Guide | FamilyMoneyExpert.com
Savings Guide | FamilyMoneyExpert.com
Savings Guide | FamilyMoneyExpert.com

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Savings Guide | FamilyMoneyExpert.com
Savings Guide | FamilyMoneyExpert.com
Savings Guide | FamilyMoneyExpert.com
Tax Guide | FamilyMoneyExpert.com

UK Income Tax Rates 2025/26

Tax Band Tax Rate Income Range
Personal Allowance 0% Up to £12,570
Basic Rate 20% £12,571 to £50,270
Higher Rate 40% £50,271 to £125,140
Additional Rate 45% Over £125,140
Savings Guide | FamilyMoneyExpert.com
Savings Guide | FamilyMoneyExpert.com
Piggy bank for savings

Savings Tip

Putting aside just £10 a week can grow to over £500 a year. Start small and use a high-interest savings account to make your money work harder. Check our savings accounts guide for the best options.

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