Here are some of our tips for managing your finances.
Budgeting involves keeping track of how much money you receive
and how much you are spending.
It can help you prioritise important things and cut back on
others. It also helps you plan for the future. A good budget plan
can stop you getting into debt.
The Money Advice Service
Budget Planner can help you plan your budget.
Get a bank account
Access to a bank
account is important, especially if you are on benefits. The
new Universal Credit benefit can only be paid into a bank
Besides this, a bank account makes it much easier to manage your
money. You'll be able to spend money using a debit card instead of
carrying cash around. You can also set up Direct Debits so bills
are paid automatically.
Find out more about opening a bank
Maximise your income
Check that you are receiving all the benefits you are entitled
to. Entitledto.co.uk has a very useful benefits calculator that can show
you anything you're missing out on.
Do you receive tax credits? Use the government's Tax credits
calculator to make sure you're receiving the right
Be a savvy shopper
Use vouchers and discount codes - you can often find them by
searching online. Try to shop around for the best deals on your
weekly shopping. Make a list and compare prices online before
you go shopping. You could save on your weekly shop by switching to
the supermarkets' own brands or by taking advantage of 'buy one get
one free' deals.
Smarterbuys helps social housing tenants
buy furniture and other essential items on affordable credit. Some
of the items are sold at a significant discount.
We are one of the providers offering affordable loans that can be
used to purchase items from Smarterbuys.
You could reduce your energy bills by switching your gas and
electric supply. Check our price
comparison page to see if you can save money. You may qualify
for various discounts from your supplier:
- Dual fuel discount for having the same supplier for both gas
- Discount for paying by Direct Debit
- Discount for paperless billing and managing your account
- Warm Home Discount (£140 discount off your winter electric
Need some advice or help?
There are plenty of support services available nearby that would
be happy to assist you. Why not try popping into a branch of:
You could also try search on Google using key words relating to
your query (for example: benefit advice).
Alternatively, if you are a Places for People customer you can
contact one of the Money Advice Team:
|North West, Lancashire, Greater Manchester and Cheshire
|North East, Cotman (Anglia)
||0191 227 5211
|London and South East
||0208 831 0918
|South West, Milton Keynes and Midlands
||0117 970 4538
||0113 285 8945
||0131 657 0658