Keeping on top of your finances this JanYOUary!

Posted: 24/01/2022

Feeling worried or concerned about your finances can have a really big impact on your wellbeing. Especially as we navigate through uncertain times, you might be feeling anxious about money and debt. 

This Jan-YOU-ary, we are here to support you to take control of your finances. It’s as easy as 1,2,3… 

  1. Check for any extra money you might be owed

If you are working and struggling financially, it might be useful to check whether you are entitled to any help that might help. The possibilities are endless, from childcare vouchers to tax relief. 

If you are not working or are on a low income, the benefit system is there to help people who need it most. It can be confusing or complicated and so we are on hand to support you every step of the way, all you need to do is contact us here. 

If you’re eligible, you can also claim Pension Credit to increase your income as well as unlock a host of other savings. You can find out more here!

  1. Get ready to budget and save where you can

Writing down what you earn and what you spend is a really great way of keeping on top of your finances – you might even find ways that you can save a little money too. There’s lots of easy ways to budget, you could use an app on your phone like Emma or Money Dashboard, you could use an online tool like this, or you could do it the old-fashioned way with a pen and paper.

Whichever way you want to budget, it’s a good idea to prepare by gathering together your receipts, bills, and information on other expenses you might have. 

Once you have finished your budget, you might be able to spot an easy lifestyle change that would make a huge difference. You could swap a fancy coffee for a homemade one instead or why not walk instead of taking public transport, if you can? 

  1. Try and make your money go further 

One way to make your money go a little further is to cut back on expenses. If you’re not using a subscription like a gym membership or a streaming service – cancel them to save you money over the course of a year. 

Things like utility bills and insurance can all add up if your contract changes without you realising. It’s always a good idea to stay up to date and switch provider when you need to. Why not use an online comparison service to check where you could be saving some money? 

We also have some helpful hints and tips to save energy in your home which can help reduce your energy bills, take a look here.

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