Budgeting plan
Debt, arrears & collectionsA structured plan for managing income and expenses.
Overview
Budgets help you prioritise essential bills and debt repayments.
They can be adjusted as your income or costs change.
Why it matters
- It helps you avoid missed payments.
- It supports consistent debt repayment.
- It improves overall financial stability.
FAQs
Do I need a detailed budget?
A simple plan can be enough, as long as it reflects your real spending.
Can budgeting improve my credit score?
It can help by preventing missed payments and keeping balances under control.
Related terms
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