Budget Planner with Credit Impact Insights
Track your income and expenses while understanding how your spending habits affect your credit score.
Income
Expenses
Fixed Expenses
Variable Expenses
Monthly Budget Summary
Total Income:
£2,500.00
Total Fixed Expenses:
£1,500.00
Total Variable Expenses:
£750.00
Remaining Budget:
£250.00
Credit Impact Insights
Timely Debt Payments: Your budget includes regular payments for loans and credit cards, which positively impacts your credit score when paid on time.
Credit Utilization: Your credit card payment is roughly 8% of your income. Keep your credit utilization below 30% of your available credit for the best impact on your score.
Limited Savings: Your current budget shows only £250 remaining. Consider building an emergency fund to avoid missing payments during financial hardships.
Debt-to-Income Ratio: Your fixed debt payments make up approximately 22% of your income, which is within a healthy range for credit scoring.