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Personal Budgets & Direct Payments: Policy, Practice and Guidance December 2015 1 Contents 1. About this document 2. Personalization 3. Personal budgets 3.1 3.2 3.3 3.4 3.5 Requesting a personal budget
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How to fill out personal budgets direct payments

How to fill out personal budgets direct payments:
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Determine your income: Start by calculating your total income, including wages, benefits, and any other sources of income.
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Assess your expenses: Make a list of all your monthly expenses, such as rent or mortgage payments, utilities, groceries, transportation, and any other regular bills.
03
Identify your financial goals: Determine your short-term and long-term financial goals. This could include saving for a specific purchase, paying off debts, or building an emergency fund.
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Create a budget: Use a budgeting tool, spreadsheet, or mobile app to create a detailed budget. Categorize your income and expenses, and track your spending throughout the month.
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Monitor and adjust: Regularly review your budget to evaluate your spending habits and identify areas where you can cut back or save more. Make adjustments as needed to stay on track with your financial goals.
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