MABS Budgeting Tool

The MABS Budgeting Tool will allow you to set out your income and expenditure and make a budget. It takes roughly 15 to 20 minutes to work through the tool.

Budgeting:

Instructions

How to use the Budgeting Tool

Allow yourself some time to complete your budget. It may take you 15 to 20 minutes.

Before you start make sure you have as much information to hand as possible, this will include:

  • Some recent pay-slips or details of your Social Welfare Payments
  • Recent regular bills such as your electricity and/or gas bill, your telephone bills (land line and/or mobile)
  • Recent bank statements
  • Receipts for your weekly shop
  • Details of your mortgage repayments (if applicable)

If you are working out the budget for your household, you may want to do this with your partner /or ask them for their information including payslips bills, etc. If there is anything you don't understand as you go through the steps, check our glossary for an explanation.

Decide whether you want to develop a weekly or a monthly budget: enter weekly figures for a weekly budget and monthly figures for a monthly budget. (This is important because it affects the calculations.)

Do you want to develop a weekly or a monthly budget?