Budgeting is comparing your income and outgoings to ensure that you are able to meet all financial obligations without falling into debt. 

The first step in completing any budgeting work is to write down what money comes in every month, and how often it comes in. From here the next stage is to see how much is spent each month on bills, as well as other spending such as food, transport, clothes, entertainment etc., as well as other payments which come out less regularly and can cause issues.  

There are various budgeting tools which can assist in looking at whether your income and expenditure balance, and to see where your money is going, links to which are provided below: