News | April 25, 2022

Money Saving Guide

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Money Saving tips

This guide is to let you know about some money saving tips, and support if you need it.

Developed to help you, always seek professional advice when looking at your finances.

This guide was accurate at the time of distribution. Offers and information can change, so please check and keep yourself informed to help you save money.

To keep informed in Nottingham visit:

www.nottinghamcity.gov.uk
www.mynottinghamnews.co.uk

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Understand what you're spending.

It is really important as a starting point you know where yourmoney is going.
Try to find your most recent:

  • bank statements
  • payslips
  • debit and credit card statements or bills
  • receipts for things you usually pay for in cash
  • make a list over the month of what you spend

There are helpful online tools to help you, the one below is for Citizens Advice.

https://www.citizensadvice.org.uk/debt-and-money/budgeting/budgeting/work-out-your-budget/

Check you are claiming everything you are entitled to.

You can use the Citizens Advice benefits calculator to work out if here's any help you could be claiming, you can also find links on there if you are under 18 or not a British citizen.

https://www.citizensadvice.org.uk/benefits/benefits-introduction/what-benefits-can-i-get/

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Don't ignore debt. Ask for help if you're struggling

If you are feeling stressed or worried about your financial situation, it is important to know that you are not alone and there is help out there.

If you're struggling to keep up with bills, there are lots of free debt advice organisations that can help.

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Step Change will look at your financial situation and give you expert debt advice and recommend debt solutions to suit your situation. We can also help you set up and support your chosen solution.

https://www.stepchange.org

Call them on 0800 138 1111, they're open Monday to Friday 8am to 8pm and Saturday 8am to 4pm.

We all need a little help at some point in our lives, take the step, you will feel better as you can be in control of your debts, not feeling your debts are controlling you.
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Nottingham Welfare Rights

The Welfare Rights Service can assist you with most aspects of debt.

They can:

  • Resolve any emergency issues i.e. bailiffs, court action
  • Advocate on your behalf by contacting your creditors to make repayment arrangements.
  • We will complete a financial statement to assess your options and provide budgeting advice where appropriate.
  • We can provide you with advice and information to help you decide on your best long term options to resolve your debt problems i.e. Debt relief Orders, Bankruptcy and help you make the applications.

They will have an initial discussion with you and then if necessary make an appointment for a longer meeting with an advisor.

If you would like Debt Advice from Nottingham Welfare Rights, then contact them on 0115 915 1355

https://www.nottinghamcity.gov.uk/moneyadvice

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Citizens Advice

Citizens Advice debt service is free, confidential and open to everyone in the community.

Their debt advisers give free advice and support on a wide range of debt related issues.

Please get in touch if you would like advice or information about the following things:

  • Rent or mortgage arrears
  • Council Tax arrears
  • Payday loans
  • Credit card debts
  • Debt Relief Orders/bankruptcy
  • Loans
  • Utility debts

If you’ve any of these problems please contact them as soon as possible. The earlier you contact them the better chance they will have of helping you.

Call the Nottingham Citizens Advice on 0115 945 3989

http://citizensadvicenottingham.org.uk/debt

Grants, discounts and money saving schemes

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If you’re a recipient of Universal Credit or benefits, there are a range of discounts, grants and money saving schemes that you could be eligible for.

You could be eligible for a Jobcentre Plus Travel Discount Card. You may also be eligible if you are a recipient of other benefits if you are actively engaged with a Jobcentre Plus adviser.

Cardholders are entitled to 50% off selected rail tickets. You can also use the card with selected bus operators – check with your local bus company before travelling.

You’ll need to speak to your local Jobcentre Plus adviser to apply.

Council tax discounts

There are a range of council tax discounts available, depending on your circumstances. You could be eligible for a discount of up to 100%.

Discounts available include:

  • for people who live alone (25% discount)
  • for people with a live-in carer (up to 50% discount)
  • for people receiving pension credit (up to 100% discount)
  • for households on low incomes/benefits (up to 100% discount
To apply, you’ll need to contact your local council. Find out if you’re eligible by entering your postcode into the council tax reduction tool.

Council tax rebate

If you live in a property that is in council tax band A to D and you pay council tax, you will get £150 paid back to you from the council to help with rising energy costs. You’re also eligible for the rebate if you get the Disabled Band Reduction discount and your home is in band E.

If you pay your council tax by direct debit, this will happen automatically in April 2022. If you don’t have a direct debit set up, your council will contact you to arrange the payment, but you may not receive the rebate as quickly. Councils have until 30 September2022 to pay.

Not sure if you’re eligible?

Check your council tax band online.

Grants to help pay off energy debts

If you owe money to your energy supplier, you could be eligible for a grant to help you pay off your debt.

If your supplier doesn’t offer a grant, check if you’re eligible for a grant from the British Gas Energy Trust. These grants are eligible to anyone no matter what energy supplier you use.

For more information, go to https://britishgasenergytrust.org.uk/

Free or discounted broadband

TalkTalk has partnered with the Department for Work and Pensions (DWP) to offer six months of free broadband to jobseekers across the UK.

Eligible jobseekers will receive access to the TalkTalk Fibre 35 package, which is usually priced at £23 a month. To check if you’re eligible and to apply you’ll need to speak to your Jobcentre Plus adviser.

There are also several other affordable broadband deals for people on low incomes and Universal Credit.

https://www.moneysavingexpert.com/compare-broadband-deals/broadband-social-tariffs/

Support if you’re struggling to pay for food

No one should go hungry. If you’re struggling to pay for food, then support is available.

You can call Help through Hardship for free and speak to a trained Citizens Advice adviser on 0808 208 2138 (Monday to Friday, 9am to 5pm. Closed on public holidays).

You can also find a food bank local to you and contact them directly by visiting the Trussell Trust’s website  https://www.trusselltrust.org
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We all need help, if you are struggling and need to talk to someone

Turning Point

The Nottinghamshire Mental Health Helpline offers access to support for people who need emotional support or information about their mental health.

The service is now available 24/7. Call on 0808 196 3779

https://www.turning-point.co.uk/services/nottingham-helpline

NHS Urgent Mental Health Support Line

NHS urgent mental health helplines are for people of all ages.

You can call for:

  • 24-hour advice and support - for you, your child, your parentor someone you care for
  • help to speak to a mental health professional
  • an assessment to help decide on the best course of care

To access this service, visit the link below to find your local support helpline.

https://www.nhs.uk/service-search/mental-health/find-an-urgent-mental-health-helpline

Samaritans Help

Samaritans

Whatever you're going through, call them free any time, from any phone, on:

116 123

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About this guide

The information in this guide is to offer help and advice,
always ensure you speak to professionals and get the right advice, there are a number of places online to find helpful advice:

Give us a call or email to find out more:

We are a social enterprise based in Nottingham, if you want help and support to find work or training give us a call:

Phone: 01159 200 300
Email: info@rtse.co.uk

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