If the word 'budget' conjures up images of complex spreadsheets and sends a chill down your spine, don't worry — making a budget doesn't have to be scary. It can, however, help you take control of your finances and plan for the future.
Ultimately, a budget is just a way of recording your income and expenses, so you can see how much you have left at the end of the month. All you need to do is know how much you've got coming in from work or other means each month.
Then list all your outgoings — whether that's your rent and bills, food shop, or fuel for your car — and subtract the amount from your income. The resulting number will be the money you have remaining for fun, savings, or paying back loans
It's worth bearing in mind that everybody's circumstances and expenses will be different, so try not to compare your budget to anyone else's.
Once you've established your income, outgoings, and anything left over, you can start to plan exactly how much you have to spend in each area. It's all well and good having the knowledge, but it'll only really be of any use if you stick to the budget and don't overspend!