Read Joshua Owen Mills's blog about budgeting.

After reading the article, print out a bank statement and get your highlighters (use software on your computer if you don't have a printer). Now make yourself a cup of tea and take a deep breath: nobody likes going through bank statements but it's an important exercise and a good habit to get into. Can you work out your income and expenditure? Better still, can you work out what you are spending your money on? 

Would Josh’s percentages would work for you? Play around with some figures to find a good balance. 

You did it! That wasn't so bad, was it?