When you are budgeting every month, a very useful way to keep track of your debt payments and how much you are saving, is to record it onto a debt or saving goal tracker.
Become more aware of your income and what your monthly household bills are every month.
Keep a note of what you are devoting to debt or savings each month.
Feel more in control of where your money is going.
Make decisions for the month and keep on track with your financial goals.
Feeling more motivated and a stronger sense of achievement - you can see your progress led out in black and white.
Look at your progress at the end of the month, using the 'actual' column.
Plan ahead for expenses in the future, using the 'sink funds' section such as: Christmas, birthdays, big purchases.
For me, it gave me a real sense of pride that I was paying off my debt and ensuring I had an emergency fund of £1000 in place. I felt relaxed, knowing that I had a solid plan in place for my money every month.
page 1- 12 - Budget sheet, labelled with different months.