MoneyHelper – free and impartial help with money
The MoneyHelper website has a huge array of articles and toolkits to help with managing money. It covers benefits; everyday money; family & care; homes; money troubles; pensions & retirement; savings and work. Here we highlight a selection that can help if you are facing financial hardship.
The Budget Calculator will help you to know exactly where your money is being spent, and how much you’ve got coming in. Knowing how to manage a budget – keeping track of where every pound is being spent – is a great first step to starting your savings, getting out of debt or preparing for retirement:
https://www.moneyhelper.org.uk/en/everyday-money/budgeting/budget-planner
It can be difficult to manage all the different bills and payments in our lives. The consequences of missing some types of bills can be more serious than if you fall behind on others. The Bill prioritiser can help you put your bills and payments in the right order. If you’re struggling to pay – whether it’s your rent, your mobile phone bill or loan repayments – it will tell you in two easy steps what to do before you miss a payment:
https://www.moneyhelper.org.uk/en/money-troubles/cost-of-living/bill-prioritiser
Borrowing money is also part of everyday life for most of us at some time. The loan calculator may be useful to calculate the cost of this:
https://www.moneyhelper.org.uk/en/everyday-money/credit/loan-calculator
Find out how to manage your money and think about finances when going through divorce. The divorce and money calculator also includes details on where to get professional help if you need it:
https://www.moneyhelper.org.uk/en/family-and-care/divorce-and-separation/divorce-and-money-calculator
The Money Midlife MOT is a tool to help you assess your current financial situation and plan for the future. Your personalised report will tell you what to prioritise and link to guidance on how to improve your financial wellbeing from midlife through to retirement:
https://www.moneyhelper.org.uk/en/everyday-money/midlife-mot
You can use this tool to:
identify actions to improve your finances, according to your priorities
help you plan for the future and make sure you stay on track to achieve your goals.
This tool works best for people:
between the ages of 45 and 65
living and planning to retire in the UK.
MoneyHelper offers Livechat or phone numbers to speak to their advisers:
www.moneyhelper.org.uk/en/contact-us
MoneyHelper is a free service provided by the Money and Pensions Service.
The Money and Pensions Service is an arm’s-length body of HM Government, sponsored by the Department for Work and Pensions. It has a joint commitment to ensure that people throughout the UK have free access to the information and guidance they need to make effective financial decisions over their lifetime.
It is funded by levies on both the financial services industry and pension schemes.