Keep track of your spending
Keeping a spending record is the best way to establish your budget. Carry a notebook in which you record all your expenditure. Write down every item, no matter how small, so that you can see where all your money actually goes. You'll soon start to notice where you can rein things in a little. Then pay any extra cash into your savings account.
Try opening a Sainsbury's Bank savings account and pay into it regularly with a standing order.
Financial terminology can be confusing. Let our Jargon buster help you make sense of it.
