{"id":179,"date":"2016-06-10T11:49:00","date_gmt":"2016-06-10T10:49:00","guid":{"rendered":"https:\/\/www.thetrainingplace.org\/blog\/2016\/06\/10\/managing-your-finances\/"},"modified":"2016-06-10T11:49:00","modified_gmt":"2016-06-10T10:49:00","slug":"managing-your-finances","status":"publish","type":"post","link":"https:\/\/www.thetrainingplace.org\/blog\/2016\/06\/managing-your-finances\/","title":{"rendered":"MANAGING YOUR FINANCES"},"content":{"rendered":"<div style=\"text-align: justify;\">\n<span style=\"font-family: &quot;arial&quot; , sans-serif;\">It has always<br \/>\nbeen an issue in many economies and the UK is not exempt from the fact that<br \/>\nmany individuals struggle with managing their finances and ensuring that their<br \/>\ncash flows are managed adequately.<\/span><\/div>\n<div style=\"text-align: justify;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><\/div>\n<div style=\"text-align: justify;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\">One of the<br \/>\nfirst issues to address will be the simple principle of <b><u>self discipline<\/u><\/b>. Self-discipline in being able to manage a<br \/>\nbudget and the second principle will be being able to&nbsp;<\/span><\/div>\n<div style=\"text-align: justify;\">\n<b style=\"font-family: Arial, sans-serif;\"><u>set up a budget<\/u><\/b><span style=\"font-family: &quot;arial&quot; , sans-serif;\">.<\/span><\/div>\n<div style=\"text-align: justify;\">\n<span style=\"font-family: &quot;arial&quot; , sans-serif;\"><br \/><\/span><\/div>\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\">A budget is a<br \/>\nset plan on how much will need to be spent on every form of expense that you<br \/>\nmay be involved in and checking this against the expected income for the<br \/>\nperiod. A personal budget can be set for each week so that it is easier to<br \/>\nmonitor and assess how successfully you were able to manage to stick to the set<br \/>\nbudget.<o:p><\/o:p><\/span><\/div>\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><\/div>\n<div>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\">A simple<br \/>\ntemplate for a personal budget can be as follows;<\/span><\/div>\n<div>\n<div>\n<div>\n<\/div>\n<table align=\"left\" border=\"1\" cellpadding=\"0\" cellspacing=\"0\" style=\"border-collapse: collapse; border: none; margin-left: 6.75pt; margin-right: 6.75pt; mso-border-alt: solid black .5pt; mso-border-insideh: .5pt solid black; mso-border-insidev: .5pt solid black; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-table-anchor-horizontal: margin; mso-table-anchor-vertical: paragraph; mso-table-left: left; mso-table-lspace: 9.0pt; mso-table-rspace: 9.0pt; mso-table-top: 3.1pt; mso-yfti-tbllook: 1184;\">\n<tbody>\n<tr style=\"height: 11.7pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;\">\n<td style=\"border: solid black 1.0pt; height: 11.7pt; mso-border-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 85.85pt;\" valign=\"top\" width=\"114\">\n<div>\n<\/div>\n<\/td>\n<td colspan=\"5\" style=\"border-left: none; border: solid black 1.0pt; height: 11.7pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 312.1pt;\" valign=\"top\" width=\"416\">\n<div align=\"center\" style=\"mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 3.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: center;\">\n<b><span style=\"font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;\">MONTH 1<o:p><\/o:p><\/span><\/b><\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 9.3pt; mso-yfti-irow: 1;\">\n<td style=\"border-top: none; border: solid black 1.0pt; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 85.85pt;\" valign=\"top\" width=\"114\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div align=\"center\" style=\"mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 3.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: center;\">\n<b><span style=\"font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;\">WEEK 1<o:p><\/o:p><\/span><\/b><\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div align=\"center\" style=\"mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 3.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: center;\">\n<b><span style=\"font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;\">WEEK 2<o:p><\/o:p><\/span><\/b><\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div align=\"center\" style=\"mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 3.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: center;\">\n<b><span style=\"font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;\">WEEK 3<o:p><\/o:p><\/span><\/b><\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div align=\"center\" style=\"mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 3.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: center;\">\n<b><span style=\"font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;\">WEEK 4<o:p><\/o:p><\/span><\/b><\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 57.9pt;\" valign=\"top\" width=\"77\">\n<div align=\"center\" style=\"mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 3.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: center;\">\n<b><span style=\"font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;\">TOTALS<o:p><\/o:p><\/span><\/b><\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 9.75pt; mso-yfti-irow: 2;\">\n<td style=\"border-top: none; border: solid black 1.0pt; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 85.85pt;\" valign=\"top\" width=\"114\">\n<div>\n<span style=\"font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;\">INCOME<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 57.9pt;\" valign=\"top\" width=\"77\">\n<div>\n<\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 2.45pt; mso-yfti-irow: 3;\">\n<td style=\"border-top: none; border: solid black 1.0pt; height: 2.45pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 85.85pt;\" valign=\"top\" width=\"114\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 2.45pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 2.45pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 2.45pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 2.45pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 2.45pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 57.9pt;\" valign=\"top\" width=\"77\">\n<div>\n<\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 9.3pt; mso-yfti-irow: 4;\">\n<td style=\"border-top: none; border: solid black 1.0pt; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 85.85pt;\" valign=\"top\" width=\"114\">\n<div>\n<span style=\"font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;\">EXPENSES:<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 57.9pt;\" valign=\"top\" width=\"77\">\n<div>\n<\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 9.75pt; mso-yfti-irow: 5;\">\n<td style=\"border-top: none; border: solid black 1.0pt; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 85.85pt;\" valign=\"top\" width=\"114\">\n<div>\n<span style=\"font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;\">Rent\/ Mortgage<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 57.9pt;\" valign=\"top\" width=\"77\">\n<div>\n<\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 9.3pt; mso-yfti-irow: 6;\">\n<td style=\"border-top: none; border: solid black 1.0pt; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 85.85pt;\" valign=\"top\" width=\"114\">\n<div>\n<span style=\"font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;\">Utilities<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 57.9pt;\" valign=\"top\" width=\"77\">\n<div>\n<\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 9.75pt; mso-yfti-irow: 7;\">\n<td style=\"border-top: none; border: solid black 1.0pt; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 85.85pt;\" valign=\"top\" width=\"114\">\n<div>\n<span style=\"font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;\">Travel<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 57.9pt;\" valign=\"top\" width=\"77\">\n<div>\n<\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 9.3pt; mso-yfti-irow: 8;\">\n<td style=\"border-top: none; border: solid black 1.0pt; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 85.85pt;\" valign=\"top\" width=\"114\">\n<div>\n<span style=\"font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;\">Insurance<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 57.9pt;\" valign=\"top\" width=\"77\">\n<div>\n<\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 9.3pt; mso-yfti-irow: 9;\">\n<td style=\"border-top: none; border: solid black 1.0pt; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 85.85pt;\" valign=\"top\" width=\"114\">\n<div>\n<span style=\"font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;\">Meals &amp; lunch<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 57.9pt;\" valign=\"top\" width=\"77\">\n<div>\n<\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 9.75pt; mso-yfti-irow: 10;\">\n<td style=\"border-top: none; border: solid black 1.0pt; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 85.85pt;\" valign=\"top\" width=\"114\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.75pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 57.9pt;\" valign=\"top\" width=\"77\">\n<div>\n<\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 9.3pt; mso-yfti-irow: 11;\">\n<td style=\"border-top: none; border: solid black 1.0pt; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 85.85pt;\" valign=\"top\" width=\"114\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 57.9pt;\" valign=\"top\" width=\"77\">\n<div>\n<\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 9.3pt; mso-yfti-irow: 12;\">\n<td style=\"border-top: none; border: solid black 1.0pt; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 85.85pt;\" valign=\"top\" width=\"114\">\n<div>\n<span style=\"font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;\">Total expenses<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 9.3pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 57.9pt;\" valign=\"top\" width=\"77\">\n<div>\n<\/div>\n<\/td>\n<\/tr>\n<tr style=\"height: 16.95pt; mso-yfti-irow: 13; mso-yfti-lastrow: yes;\">\n<td style=\"border-top: none; border: solid black 1.0pt; height: 16.95pt; mso-border-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 85.85pt;\" valign=\"top\" width=\"114\">\n<div>\n<span style=\"font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;\">Surplus <o:p><\/o:p><\/span><\/div>\n<div>\n<span style=\"font-family: &quot;Arial&quot;,&quot;sans-serif&quot;; font-size: 8.0pt;\">(Income minus expenses)<\/span><span style=\"font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;\"><o:p><\/o:p><\/span><\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 16.95pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 16.95pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 16.95pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 16.95pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 63.55pt;\" valign=\"top\" width=\"85\">\n<div>\n<\/div>\n<\/td>\n<td style=\"border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 16.95pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-top-alt: solid black .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 57.9pt;\" valign=\"top\" width=\"77\">\n<div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div style=\"text-align: justify;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><br \/>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><br \/>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><br \/>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><br \/>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><br \/>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><br \/>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><br \/>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><br \/>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><br \/>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><br \/>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><br \/>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><br \/>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><br \/>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><br \/>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><br \/>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><br \/>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><br \/>\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><br \/>\n<span style=\"font-family: arial, sans-serif;\">You will have<br \/>\nto set out amounts for weekly income and then itemise and estimate how much<br \/>\nwill be spent on your known expenses per week and then make some provision for<br \/>\nany unknown expenses.<\/span><\/div>\n<div style=\"text-align: justify;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><\/div>\n<div style=\"text-align: justify;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\">You have to<br \/>\nattempt to make sure that the income is more than the expenses and that there<br \/>\nis at least 10% &#8211; 20% surplus at the end of each week. This will help you leave<br \/>\nsome room for any unplanned expenses or it will also help you to get into the<br \/>\nhabit of saving some of your excess income.<o:p><\/o:p><\/span><\/div>\n<div style=\"text-align: justify;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\"><br \/><\/span><\/div>\n<div style=\"text-align: justify;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\">If there is<br \/>\nno surplus initially, you will need to set up a plan on to start reducing your<br \/>\nexpenses gradually or increasing your income but keeping the expenses at the<br \/>\nsame or reduced level, so that over a set period of time, you will<br \/>\nrealistically be able to set out your expenses to be less than your income and<br \/>\nthen you need the self discipline to follow the set plan and budget.<o:p><\/o:p><\/span><\/div>\n<div style=\"text-align: justify;\">\n<\/div>\n<div style=\"text-align: justify;\">\n<span style=\"font-family: &quot;arial&quot; , sans-serif;\">Your Sincerely,&nbsp;<\/span><\/div>\n<div style=\"text-align: justify;\">\n<span style=\"font-family: &quot;arial&quot; , sans-serif;\">The Friendly Team<\/span><\/div>\n<div style=\"text-align: justify;\">\n<span style=\"font-family: &quot;arial&quot; , sans-serif;\"><br \/><\/span><\/div>\n<div style=\"text-align: justify;\">\n<span style=\"font-family: &quot;arial&quot; , &quot;sans-serif&quot;;\">The Training Place of Excellence Limited<\/span><\/div>\n<div style=\"background-color: white; color: #666666; font-family: 'Trebuchet MS', Trebuchet, Verdana, sans-serif; font-size: 13.1999998092651px; line-height: 18.4799995422363px; text-align: justify;\">\n<\/div>\n<p><\/p>\n<div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>It has always been an issue in many economies and the UK is not exempt from the fact that many individuals struggle with managing their finances and ensuring that their cash flows are managed adequately. One of the first issues to address will be the simple principle of self discipline. Self-discipline in being able to &#8230; <a class=\"read-more\" href=\"https:\/\/www.thetrainingplace.org\/blog\/2016\/06\/managing-your-finances\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-179","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MANAGING YOUR FINANCES - The Training Place Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thetrainingplace.org\/blog\/2016\/06\/managing-your-finances\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MANAGING YOUR FINANCES - The Training Place Blog\" \/>\n<meta property=\"og:description\" content=\"It has always been an issue in many economies and the UK is not exempt from the fact that many individuals struggle with managing their finances and ensuring that their cash flows are managed adequately. One of the first issues to address will be the simple principle of self discipline. Self-discipline in being able to ... 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