Pledge: Manage my finances
Pledging to manage finances better will affect your financial and psychological wellbeing. A large amount of personal worry and sleepless nights are related to personal finances. The information on these pages cannot take the role of a financial advisor or specialist debt manager however we can help by providing simple information that may help you to understand and manage your personal finances.
Want to challenge yourself? Need a structured plan? Want a screen-free, technology-free programme?
We have detailed a few options that you may wish to try:
Effectively managing your finances can be difficult.
Take a look at the financial support available to you.
Click below to read more
NHS telephone support line
NHS people can call this support line, provided by the MoneyHelper Service, for free and impartial money guidance.
Monday to Friday, 8am to 6pm.
Call: 0800 448 0826
Learn the basics of financial wellbeing in less than 10 mins…
What does financial wellbeing mean?
Financial wellbeing is how people feel about the control they have over their financial future – and their relationship with money. It’s about focusing on the things that make their life enjoyable and meaningful both now and in retirement.
Take control of your spending
Your behaviour has a lot to do with whether or not you manage your finances well. By addressing your spending behaviour to find out where you waste the most money, you can learn to become a better spender and free up more cash to save or buy the things that matter.
- Stick to your budget
- The best way to budget is to withdraw a fixed amount of cash at the beginning of the week. As you spend, you see the amount going down in your purse or wallet, so you are less likely to fritter it away on magazines, coffees and takeaways.
- Many people buy things and then worry about how they will pay for them. This habit needs to be broken. Decide what you want and how much you intend to spend, and stick to that limit.
- When you plan to travel, always book in advance if you can, because long-haul flights and train tickets are significantly cheaper the earlier you book.
To improve your financial wellbeing:
- Complete a financial health check – what’s going out and what’s coming in.
- Create a weekly/monthly budget
- Take a look at the finance calculator and tools on this page
- Keep within your budget each day
- Keep credit cards under control
- Review regular spend items – insurances/licences
- Make plans for the future
- Plan savings/investments with support a qualified financial advisor
- Don’t take on more than you can afford
Take a look at the articles below…