the first thing you will need to do is get a exel spreadsheet and give it a name for example monthly budget.

Once you have this you can then fill in some colums like so

Gas              Electric          Water           Food            Hobbies

Once you have all your data in put you will need to total it for example

Total

£810

You will then need some more colums showing your earnings as shown here:

Wages

£2000

Then need another colum showing how much you will need to save for unexpected situations this can be shown in a colum stating savings.

Savings

£250

Just be doing this you can see that you are left with a remainder amount that you can use on other things for example put more away in savings

Now that you have seen how easy it can be you can start plotting your own here is a example of someone esle budget for their life

It is important to note that payment protection insurance is not mandatory for loan approval. While most lenders which sold PPI did so under the guise that it was compulsory, this is not the case and is a classic sign that the policy was mis sold to you.

Payment protection insurance rarely works for anyone because of the number of exclusions that the policy contains. The policy does not always offer adequate coverage for self-employed individuals, those who were unemployed during the time of application despite having secured employment afterwards, and those with preexisting medical conditions. However, lenders and insurance providers rarely bothered to inform PPI applicants about these exclusions and required them to pay very high premiums for this insurance. It is for this reason that a lot of people often end up with a PPI policy that they cannot even benefit from.

If you have been mis sold PPI, then now is a great time to take action. If you’re unsure about how to nagivate this process yourself then you can always enlist the services of a specialist claims management company to handle the claim for you. Make sure that you choose a company which doesn’t require any upfront fees.

PPI Controversy

Due to the overzealous selling of the PPI, many banks have overlooked the basic steps in selling financial products. According to the FSA, different financial products must be quoted and sold separately. In many cases, the consumers were told by banks that the PPI was a required policy before they could take out a loan. Furthermore, they were not told that PPI can be acquired from other sources such as insurance companies. Many cases reveal that the banks failed to properly explain the nature of the insurance product.

PPI Claims Companies

Some cases can be complex, especially those where the policy has been in force for a number of years. In these instances, you may wish to consider using a claims management company to handle your complaint. They will deal directly with your lender and the Financial Ombudsman Service, where appropriate. Many operate on a no win no fee basis so be wary of the minority that want to charge you an upfront fee because this is simply avoidable.