Budgeting information

It is very difficult to sometimes decide on who to pay first. The first call on your cash is your rent. This page may be some assistance to you when budgeting your income.

Keep debt under control

You probably know how much money you get each week/month and how quickly it gets spent. Taking time to work out your budget really does help to see where your money is going. It's then easier to see where you can make some savings to help balance the books or to give yourself some spare cash. If you need any assistance with completing a budgeting sheet, please get in touch with your housing manager.

Community banks offer savings plans and affordable loans. Find out more about them – and how to avoid loan sharks – here.

Get to grips with your money

We can arrange for you to receive help, advice and training on how to manage your finances.

Are you getting the full benefits you are entitled to?

If you have not already done so, it may be worth putting your information into one of these free online calculators, to see if there is anything else you are entitled to.

https://www.entitledto.co.uk

https://www.gov.uk/benefits-calculators

https://benefits-calculator.turn2us.org.uk

https://www.stepchange.org/how-we-help/benefits-calculator

Tips to help you take stock of your money

Don't forget occasional items such as birthdays, Christmas and other festive presents or holidays.
Think about things that you pay once a year, car tax, insurance etc. Its helpful to put away a monthly amount for these.
Keep a spending diary and try it for a month.
Check to see if you are entitled to any state benefits or tax credits.
Make sure you review your budget regularly.

Get more help

National Debtline - Provides a free, confidential and independent advice service
Citizens Advice guide - For help with debt problems and to find your local Citizens Advice office
StepChange Debt Charity - 0800 138 111 StepChange offers a help with CCJ's and general debt advice.
Payplan - Free debt management plans, IVAs and free debt advice
Directgov - For information about tax credits and benefits, choice Money and Tax Benefits
Energywatch - Compare gas and electricity costs