We all struggle financially from time to time, so this section contains advice and information that may help.
Good money management can mean many things – from living within your means or saving for short and long-term goals, to having a realistic plan to pay off your debts. Visit the Money Advice Service to learn how to set up a budget, make the most of your money, pay off debts or start saving.
It’s a good idea to set a bit of money aside as you don’t know what’s around the corner, your washing machine might break, you might need to fix the car or you could even be out of work for a while.
Start a savings account with a bank, building society or post office or see what Boom, your local Credit Union offers.
Dealing with debt
Most of us need to borrow money at some point in our lives and as long as we pay the money back when we should, this isn’t a problem. However if we can’t or won’t pay the money back, debt can quickly become unmanageable.
Don’t ignore the situation, ask for help before debt gets out of hand. There are many organisations who can give you free help and advice about debts, such as:
Citizens Advice – www.advicewestsussex.org.uk
There to help if you are struggling with debt and money issues. Tel: 0344 477 1171
StepChange Debt Charity - www.stepchange.org
Debt advice available to all, including debt management plans when appropriate. Tel: 0800 138 1111
National Debtline - www.nationaldebtline.co.uk
Free, confidential and independent telephone helpline for anyone in debt. Tel: 0808 808 4000
Horsham Debt Advice Service
11 Queen Street, Horsham, West Sussex RH13 5AA. Tel: 01403 258040
Looking for a Loan?
Banks and building societies are the first stop for many people but not everyone can get a loan from them and they may not be the cheapest.
Department of Work and Pensions (Jobcentre) offer interest free budgeting loans for people on means-tested benefits to help pay for essential things. If you are on Universal Credit you can apply for a Budgeting Advance .
Boom – A not-for-profit organisation that provides savings accounts and loans for the people of West Sussex and will consider lending to people on benefits and those with poor credit ratings.
Be aware - Payday Loans can seem like a good way out of short term money problems, but often lead to long term debt. The Money Advice Service have information and advice about payday loans on their website.
Changes to Benefits
There have been a number of changes to the benefits system, with more to come as Universal Credit is introduced.
Find out more about benefit changes in the UK on the Money Advice Service website.
Find out more about Universal Credit on the gov.uk website .
If you are worried about applying for Universal Credit, Citizens Advice can help you make your claim.
Are you getting all of the benefits you are entitled to?
The following are a range of tools to help you with this:
Other Useful Contacts
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