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Why should I budget? |
Budgeting - First Steps |
Budgeting - The Nitty Gritty |
Budgeting - Moving On |
Budgeting - Tips |
Tools of the trade |
Budgeting - Moving On | |
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Once you have a few months of income and expenses written down, take a look at it. You should by now have your miscellaneous expenditure under control. Is there a way of cutting what were previously identified as fixed expenditure? | |
Look at the credit cards bills you currently have. See which ones have the highest APR. Many offer transfer balance services also at introductory lower rates for up to 6 months (see our credit card section). |
Use the other sections on GraduateFinance to see how you can maximise the interest you receive and reduce that you pay. Look at your outstanding debts. Briefly, overdrafts can be useful for solving short-term debt difficulties and many banks now offer a buffer zone whereby you are allowed to overdraw and pay interest but no bank charge - check with your bank first. Unauthorised overdrafts carry a higher rate of interest and extra fees, which just add to your debts. |
Look at switching utility providers to get the cheapest deal. This can be a real minefield though. |
Get Adobe Acrobat Reader to view our sample budget sheet.