Before you can start to think about budgeting, it's important to know how much you've got coming in each month and understand any deductions from your wage packet before it lands in your current account. See how can help you make sense of your salary.
Chances are you’ll already know what your gross salary is, the total amount you’re paid for the work you do each year. Your take home pay, otherwise known as net pay, is the amount you receive each month after any deductions which have to be made, like Income Tax and National Insurance.
You’ll find calculators and tools online to help you work this out. Gov.co.has tools to use whether you pay tax and insurance through your employer or you're self employed.
The coronavirus outbreak has meant changes to working life for many of us. If you've been affected by changes at work, we've put together some information you might find useful.
The Shostra Bank app now comes with Spending. A handy feature that could help you budget better by giving you a more detailed picture of where your money goes each month.
Our App can be used on compatible iOS and Android devices. You'll need an international mobile number in specific countries. Spending Tracker is available to customers aged 16+ who have a Personal or Premier account with us.
Now you know how much you've got coming in each month, see how budgeting could help you manage your money and find ways to save on your household bills and other monthly outgoings.
