Financial Wellbeing
Financial wellbeing is about feeling secure and in control. It’s about making the most of your money from day to day, dealing with the unexpected, and being on track for a healthy financial future. In short: financially resilient, confident and empowered.
To learn more about how we define financial wellbeing, how to improve yours, and why it is important, visit the .
Budget Planning
will give you a breakdown of your finances and personalised tips to help you make the most of your money.
Mid Life MOT Tool
was recently lauched to help people assess their current financial situation and plan for the future. It asks a series of questions about their finances, covering debt; budgeting; emergency and non-emergency savings; insurance, and pensions.
Cost of Living
The recent rise in the cost-of-living has presented many of us with unexpected challenges. New research suggests that over 12 million people are now borrowing money for food or essential bills and half of them are doing so for the first time in their lives.
The results come as the Money and Pensions Service (MaPS) launches a campaign to reach people who are struggling with cost-of-living pressures, which will run alongside the . It focuses on , which provides free money guidance from an expert in a range of different formats, such as online. webchat, WhatsApp and telephone.
Debt and money
Dealing with money issues can sometimes be off-putting, but if you don't understand how things like credit or mortgages work, you could end up losing out financially or getting yourself deep in debt. The will give you the information you need to make the right choices, including help to deal with your debt problems, how to avoid losing your home and how to get your finances back into shape.
Money Adviser Network (MAN)
The is a free, government sponsored partnership opportunity for organisations within the public and private sector. The MAN brings together some of the country’s best known debt advice providers so you can access free, confidential and independent debt advice straight away. You won’t need to pay for the advice you receive, and speaking to them won’t affect your credit rating.
Customers are referred through a virtual/online contact centre. Individuals can self-refer into the money adviser network using the above link.
What will the advice service help me to do?
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Understand your financial situation.
You will get a full assessment of your financial situation based on the information you give to them. Don’t worry if you haven’t got all your paperwork together. They can help you work out exactly how much you owe and what money you have coming in and going out.
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Create a personalised budget
A budget is really important for working out how much money you have to pay off your debts while keeping up with essential bills and living costs. It also helps the adviser service to work out which debt solution is right for you.
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Draw up a practical action plan
Once you have a full picture of your financial situation, the adviser service will guide you through the practical steps to set up the solution that works for you.
Money and Mental Health
Feeling low or anxious is a normal response when you're experiencing financial stress. The offers information and advice on surviving financial stress, coping with debt and bankruptcy, and when you should seek medical help.
also offers advice on how to manage debt.
offers information and advice for anyone struggling with money because of mental illness, or whose financial situation is affecting their mental health.