To support you, we’ve pulled together a list of tips and tricks on how you can manage your money, as well as organisations you can contact if you need a little bit of extra support.
We want you to get as much support as possible, so don’t forget to take a look at our ‘managing money’ web page, which has all the latest Government advice on benefits, employment and finances.
We all struggle with budgeting and may be guilty of splashing the cash on items that aren’t necessary.
A great way to manage your money is to set a budget and to really stick to it. Make a list all of your monthly bills, and a realistic amount you spend on household items like food, and use that information to create one big budget.
Remember to keep your budget in mind when you’re shopping, or are tempted to buy yourself a treat! Sticking to your price points may feel like a bit struggle, but you’ll thank yourself for it in the long run!
We all use gas and electricity on a daily basis, but there’s a chance you may be paying too much for your supply.
A great way to save a few extra pounds a month is to compare energy prices, and switch to a cheaper tariff if you find one. The best place to bag a bargain is on a comparison website, like Compare the Market or Go Compare, and you’ll only need a few details to find a deal!
If you do want to switch energy providers, it’s important you are up to date on your payments. If you’ve fallen behind, you will end up with a large final bill when you switch.
Taking advantage of discount prices doesn’t just apply to your gas and electric bills, you can find some bargains when you’re food shopping too!
If possible, try to shop at some of the cheaper supermarkets, like Aldi or Lidl, and take advantage of any deals the supermarkets have on offer.
Save as you go
Did you know that there are many bank accounts that allow you to make money when you spend money?
Try switching to an account that gives you money back when you spend on certain items, like energy bills or Council Tax. Some bank accounts also allow you to save while you spend, by rounding up the price of your transaction and popping the extra few pennies in to a savings pot!
Being employed or volunteering can improve your wellbeing and make you feel empowered and engaged
It may seem like a tricky time to get a job, but there a still lots of places that are hiring new staff! Try applying for jobs in supermarkets, warehouses or any other places that offer essential products or services.