Moving away from home can be exciting but bittersweet, and figuring out how to budget for yourself is a lesson worth learning early.
Budgeting can help with more than just your day-to-day living, it can improve your credit rating and make you more likely to be accepted for a mortgage.
Gallery: Credit cards: How to choose the best one (Espresso)
Bad budgeting - or non-existent budgeting - however, can cause serious financial problems and you could end up in debt.
Budgeting might seem restrictive at first glance, but it doesn't have to be; it's totally up to you how you allocate your money and what you spend it on.