Hello everyone! Today sees the launch of ’28 days to fix your finances’ I will be posting everyday throughout February to help you all fix your finances and get them back on track for 2010. It would be great if you could all follow the posts and I am confident if everyone completes each one, we can all go into March with a better financial situation, I cant wait to hear how you all get on, happy reading : )

Day 1 – fix your finances: Budgeting

In order to start saving you money and get an idea of how much disposable income you have if any I think its important for everyone to do a basic budget. Budgeting is the process of predicting and controlling the spending of money, budgeting is an extremely easy process but its suprising how little people do it, so I challenge everyone today to produce a basic budget!

To make it easy and quick for you to budget I have found a great website to do it for you, so you all you need is:

1. A few recent bank statements

2. Student finance infomation, displaying any loans, grants and scholarship payments you may receive

And then go to Budget Brain to get started, simple as that!

Once you have produced your budget, it will then give you an idea of how much you spend and more importantly if you spend more than you receive. You can then go about making changes to alter and prioritise your spending.

It will be great to hear how everyone gets on and if you have any problems I will be more than happy to help, see you tomorrow for day 2 of 28 days to fix your finances : )

Hey! noticed you have visited my blog a few times now, just a quick message to say thankyou : ) and to see if you have signed up for updates to my blog by RSS feed or via email to keep up to date with all the latest ways to save money, thanks for visiting!