Self-employed workers tend to have lower levels of pension savings, and a greater reliance on the State Pension. Changes to thresholds may mean that some are at risk of losing their state pension.
A monthly budget is an excellent way to stay on top of your income and expenditure and to know what you can afford. The basic premise of managing your money is to have more coming in than going out, but everyone knows there are times when this is harder to achieve – saving for a first house, raising a family or paying for expensive one-offs like weddings or holidays can put your finances under strain.
Try our budget calculator below and get a view of where your expenses are each month, where you might be able to cut back and how you can increase the amount you save.