Next month includes Debt Awareness Week, so we’ve been getting the latest advice from our Money Matters Team.
Debt Awareness Week starts on Monday, March 23, but what easy steps can be taken to reduce debt and improve personal finances?
“The key is to break things down into individual tasks, rather than get bogged down.” Said Money Matters Team Leader, Katy Bird.
“One of the simplest ways to save money is to look at your energy supply. Many people stay loyal to their energy provider rather than shopping around for the best deal. There are free, local services that can help you find the best deal and make the switch.
“Exactly the same advice applies to broadband, mobile phones, TV packages and insurance. You could reduce what you’re paying each month quite a bit and that could make all the difference between struggling and managing.”
There are also some longer-term steps that can be taken to improve finances too, including saving and borrowing sensibly.
“Probably the most sustainable way for most people to save and borrow is from a local credit union.” Says Katy. “The most important thing is to avoid payday or doorstep lenders. If you’ve already used one of those, get some advice as quickly as possible about getting out of that situation.”
Advice can stretch much further than simply managing incomings and outgoings more effectively though. Experts at believe housing can offer support with everything from welfare benefits and Universal Credit to finding new or better employment.
“We’re realistic, we know that for lots of people managing money can be daunting. But there is advice available. If you don’t know where to start, give us a call and we can help work everything out.” Added Katy.
For more information on specialist advice services and other support available, visit the believe housing website.
Pictured above: The Money Matters Team at believe housing.