How mindful are you when it comes to managing your money? Some people are very good at looking after their expenses; others tend to live in the moment and regret it later. If you tend to live in the moment, then you’re not alone. In fact, up to 8.3 million people in the UK struggle to look after their finances (that’s roughly one in ten of us).
Useful Money Management Tools and Resources
Managing one’s money can seem overwhelming. A lot of people think that it is really complicated, and requires a lot of technical skills. In reality, it’s just a case of knowing exactly how much money you have coming into your account each month, and how much money is going to be coming out. There are some great free resources, that are publicly available and designed to help stay on top of one’s finances:
- The Citizens Advice Team website provides a lot of information on how to deal with debt, and answers a lot of common questions that people struggling financially ask.
- The Money Advice Service is a free and impartial money advice service, set up by the government. The service offers you advice and guidance on how to improve your financial situation.
However, even with great websites such as these, it can still be daunting to tackle money problems alone, especially if you feel like you’re expenses are piling up.
Wanting a bit more free help? Why not come to one of our free Money Management Workshops
Our free ‘Understanding and Managing Your Money’ course, removes the complicated language of finances and allows you to learn how to manage money and budgets, in a relaxed, supportive and friendly environment.
In our course, we’ll cover the following topics
- Different types of loans
- What APR really means
- The different bank accounts you can access – even with restrictions
- Savings tips
- For those on legacy benefits what moving over to Universal Credit will look like for you