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| deciding your priorities | |||||||||||||||
| Now you have worked out your income and expenditure it is time to make some decisions – and this may prove difficult! | |||||||||||||||
You now know, or at least have a good idea of:
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| For many people income and expenditure may be more or less equal, but at times your expenditure may be greater than your income. In other words, you are spending more money than is coming in. In this case you will need to PRIORITISE your expenditure. | |||||||||||||||
Should you, for example:
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We continually need to prioritise our spending to make sure we make best use of our income. Use the chart below to help you do this. |
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| what you have to pay for | |||||||||||||||
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| what you want to pay for | |||||||||||||||
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If expenditure is more than income your options can include:
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If your income is greater than your expenditure you can think about:
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| In either situation you may find it helpful to talk to an expert, such as a Citizens Advice Bureau (CAB) counsellor, Connexions Personal Adviser or other financial adviser. | |||||||||||||||
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