Reducing Your Outgoings

Now that you have completed the budgeting tool you will know which of the following is true for you

1) Your income is more than your outgoings ?

OR

2) Your income is less than your outgoings ?

Regardless of which one of the above are your results the next steps are the same.  The goal for you is to reduce your outgoings where possible.  Look at each of your outgoings and think about how you could pay less or for each of them.

Start at the largest amount.  For most people this will be rent or mortgage.