Money Worries Useful Contacts Benefits Enquiry Line Housing Executive 0800 220 674 www.nidirect.gov.uk How to budget 03448 920 900 www.nihe.gov.uk Financial Services Authority 0845 606 1234 your money Consumer Credit Counselling Service www.fsa.gov.uk 0800 1381111 www.cccs.co.uk Omagh Independent Advice Services firstname.lastname@example.org (028) 8224 3252 Housing Rights (028) 9024 5640 For more information about our service contact www.housingrights.org.uk your local District Office or Area Accounts office. Citizens Advice Bureau (028) 9023 1120 www.citizensadvice.co.uk email@example.com Advice Northern Ireland (028) 9064 5919 www.adviceni.net firstname.lastname@example.org This leaflet is available in alternative Northern Ireland Energy Agency formats, please contact your local 0800 512 012 District Office. www.nienergyagency.org Energy Saving Trust www.energysavingtrust.org.uk/northern-ireland- advice-centre Inland Revenue www.hmrc.gov.uk CS/569/09/10 September 2010 www.nihe.gov.uk You may wish to consider some of the Maximising your income Household insurance following options: Seek advice from the Northern Ireland Housing You should be aware that the Housing Executive Executive or other advice agencies on what other does not insure your home contents - you need Don’t ignore the problem benefits you may be entitled to, such as Housing to arrange this yourself. Details of affordable Respond to all letters and bills. Benefit, Tax Credits or Social Security Benefits. house insurance policies are available in your local office. Budget your money Opening a bank account Planning is important. You could help manage Having a bank or building society account can help Plan for the future your budget by listing: you organise your household budget. For example, If you have worked out a budget, you will you can receive discounts from some utilities if you know how much money you have for essential • Your income - from all sources pay by Standing Order or Direct Debit. expenses such as rent, food and energy bills. • Your regular bills and expenses That will allow you to work out how much is left • Your occasional expenses, such as Christmas or We can give you advice on how to open a basic for other expenses such as replacing furniture or school uniforms bank account as not having one can sometimes appliances. create extra problems. To avoid debt, try to make sure the amount you Parents spend (including occasional expenses) does not Opening a savings account Having children changes a family and brings exceed your income. This can be with a bank, building society or credit a number of new expenses. Planning ahead, union. seeking support from family and friends and Remember to prioritise your bills - for example, shopping around will help you to keep on top of rent payments should not be missed. Saving even small amounts of money regularly your family’s spending. can help you budget for the unexpected. There is a step-by-step booklet available to guide The Financial Services Authority has a step-by- you through the different stages. Contact your Borrowing money step guide which may answer questions you local office for this or for further assistance. We should all try to avoid borrowing money, might have about your finances and your rights particularly for non essential items. However if as a parent. Saving energy you need to borrow, always make sure you shop Conserving energy will reduce your energy bills. around for the best rate. Child Trust Fund Pick up our leaflet “Money Worries - Practical The government is making substantial changes Advice” for top tips on saving energy. Always pay off debt with the highest interest to the Child Trust Fund. Latest information can be rate first and seek advice on the best borrowing found at www.childtrustfund.gov.uk If you are employed options for your family. Check your tax code is correct. If you are on a low income you may still be entitled to benefits such as Working Tax Credit.
Pages to are hidden for
"How to Budget your Money"Please download to view full document