UK Budget Planner
Take control of your finances. Track your income and expenses, see where your money goes, and plan for your financial goals.
Your Income
Your Expenses
Housing
Transport
Living Expenses
Financial Commitments
Subscriptions
Savings & Investments
Budget Summary
50/30/20 Analysis
Where Your Money Goes
UK Budgeting Tips
Housing Costs
Keep housing under 35% of take-home pay. Consider sharing or downsizing if over 50%.
Transport
Total transport costs should ideally be under 15% of income. Consider public transport alternatives.
Food & Groceries
Average single person spends £200-£300/month. Family of 4: £500-£700. Meal planning saves money.
Energy Bills
Compare suppliers regularly. Typical UK household: £150-£250/month for dual fuel.
Subscriptions
Average UK household spends £50-£100/month on subscriptions. Review and cancel unused ones.
Emergency Fund
Aim for 3-6 months of essential expenses in easy-access savings.
Frequently Asked Questions
What's the 50/30/20 budgeting rule?
Popular budgeting method: 50% of after-tax income on needs (essentials), 30% on wants (discretionary), 20% on savings and debt repayment.
How much should I spend on housing?
Generally, keep housing costs (rent/mortgage, council tax, utilities) under 35% of take-home pay. In London, this may be higher (40-45%).
What's a realistic food budget?
UK average: Single person £200-300/month, couple £400-500/month, family of 4 £600-800/month including groceries and some eating out.
How do I reduce my spending?
Track for a month, identify waste, cancel unused subscriptions, meal plan, switch utility providers, use cashback apps.
Should I budget annually or monthly?
Monthly is best for regular expenses. Add annual items (car tax, insurance) by dividing by 12 and saving monthly.
What if I have irregular income?
Budget based on your lowest-earning month, build a buffer, and save surplus in better months.
Important: This budget planner is for informational purposes only. Results are based on the information you provide. Business Outstanders is not a financial advisor. Consider speaking with a qualified professional for personalized financial advice.