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Money Advice

Practical Money Advice

This Council recognises that many of our residents are likely to be experiencing tough times given recent economic circumstances, and as such they may be unsure out about where to get financial support or, if they are having difficulties paying their rent or mortgage, how to access benefits or advice on how to save money.

The following information offers practical ways to help you and your family through this difficult period. At the bottom of the page are listed various sources of money advice and information.

FREE Online personal budgeting tool

  • FREE Online personal budgeting tool - The first vital step in taking control of your finances is to create your own personal budget plan. Our user friendly budget planner is free to use and should only take minutes to complete.

Money Saving Ideas/Suggestions

Faced with Debts? Some Useful Tips:

  • Make your home your top priority, make sure you pay the rent or mortgage.
  • Don't panic and don't ignore the problem, it won't go away.
  • Don't take out more credit - you'll only end up in a worse situation.
  • Don't just stop paying rent/loan payments with no explanation. Tell your creditors/lenders you are having problems.
  • Don't pay off the person who is shouting the loudest, but pay the most important ones like mortgage/rent; council tax; gas and electricity. Otherwise you will be in danger of losing your home, having your gas and electricity cut off; or ending up in Court.
  • Work out how much you can realistically afford. It's easy to be panicked into offering more.
  • Think twice about taking out a loan to pay off all your debts. You may end up paying back a lot more than you borrowed and at very high interest rates; you may not be able to afford the repayments and the loan may be secured against your home, which you could then lose.
  • Get local free, confidential, independent advice from Citizens Advice, who will help you work out repayments and negotiate with your creditors, as well as helping you to keep out of debt in the future.,

Or talk to one of the national debt advice agencies, such as;

They offer free advice on the full range of debt remedies including Bankruptcy, County Court Administration Orders and Individual Voluntary Arrangements. Don't ever pay for debt advice- there are so many excellent free services available to you. Don't delay, seek advice today.

    Food Shopping Top Tips

    • Make a list and stick to it! You'll be amazed how much you have been spending on impulse purchases.
    • Don't go shopping when you're hungry! Trust us, you're likely to spend more if you do.
    • Buy-one-get-one-free's are not always a good buy. Only buy what you know you will use.
    • Consider buying loose goods, not pre-packed as this is often cheaper.
    • Ready made meals are often expensive; cooking your own is a cheaper option as you often get more for your money.
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