Whether you get wages, benefits or a student grant, you need to make sure your money covers all your housing costs and living expenses. 

What should I pay first?

No matter how you get your money, you should pay your essential bills first. That way you will know how much money you have left for incidentials.

When get your money, where ever it comes from, benefits, wages or student loan, you should pay your rent or your mortgage. If you have a bank account, you could set up a standing order or a direct debit. That way, you will have the knowing that it is paid.

If you are over 18 and not a student there is a good chance that you’ll need to pay or make a contribution payment for council tax and this should be the next bill to be paid. 

Pay your bills

Try to pay off any bills that you have next. Again a direct debit is a good way to ensure you never forget, but you need to ensure the money is in your account or you may become overdrawn or face bank charges. 

If you have a pre pay meter for your gas and electric, try and make sure you have the money available to top up your meter form one week to the next.

Visit an energy advice centre for tips on how to save money on your gas and electricity bills.

What are your other essential expenses?

Other things you might need to buy between now and your next payday. Can you buy them now or set the money aside? For example:

• food

• travel to work/college

• toiletries.

Your money

If you pay or set aside the money for all your essentials as soon as you get your money, it will also stop you from spending too much money and finding that you can’t pay your rent or your bills.

If possible, try to save some money. A little each week or month will soon add up and it is handy to have a cushion for unforeseen spending emergencies.