Everyone can benefit from having a budget. The purpose of a budget is not to make you go without or force you to save.

It simply allows you to manage your money in a controlled and effective way and understand where you are spending your money.

What if the unexpected happens?

Life has a way of throwing us surprises. The financial consequences of these should not be understated. Try to keep a buffer in your budget so that when this does happen you will be able to minimise any financial strain.

Remember, if something does happen that turns your budget upside down – don’t panic. Stay calm and work out how to manage these unexpected circumstances to regain control of the situation.