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England and Wales > Your Budget > Household Budget > Stage 5: Household Outgoings

Stage 5: Household Outgoings

Subsections : Business Budget |Household Budget |Interactive Budget Sheet |Cashflow Forecast |

Work out with your family how much money you have to pay out each month on essential living expenses. At this stage don’t include any debts or arrears or any credit repayments.

This section outlines the most common living expenses. However, your household’s priority spending may be different from these suggestions.

It is your budget, so the figures should be what you feel you need to live on.

You may have to live with it for a long time and it is wise not to make it too tight. However, you will need to get your income and outgoings to balance if at all possible.

If your outgoings are more than your income, phone us for advice.

This is your budget and it should be a reflection of your household outgoings, so be honest with yourself as this forms the basis of your negotiations with your creditors later on.

Go to Stage 6: Money for Creditors
Go back to Stage 1: Business Income
Go back to Stage 2: Business Costs
Go back to Stage 3: Drawings
Go back to Stage 4: Household Income

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