PROVIDING PRACTICAL SKILLS FOR BUDGETING AND MANAGING MONEY
Good money management is really important to well-being, and many of us could use some guidance and practical skills when it comes to budgeting and handling money. In fact 1 in 6 people are unable to identify the balance on their bank statements and 60% of UK adults believe that managing money is more difficult now than it was 10 years ago.
The Money Charity has produced The Money Manual, an essential guide to help you get to grips with your finances, and to give you the basic skills and knowledge to understand and look after your money. This offers handy tips on planning for the future, choosing the best savings options, how to recognise and tackle debt, understanding financial products, and the ins and out of everyday money (earnings, taxes and benefits). A special guide for students to managing money at university is also available. Free printed copies of these manuals can be ordered from the Money Charity website (P&P payment required).
There are also some great courses that churches can run to help people in their congregations and communities think about their relationship with money and learn practical skills, such as budgeting:
Transforming Notts Together have developed a two session basic budgeting course to help people gain confidence in taking control of their money.
Through activities and group discussions participants explore their relationship with money, how to create a basic budget, savings and financial jargon.
The sessions are being used across a wide range of settings from children's centres to churches, disability support groups to toddler groups.
Developed by Alpha and Stewardship, The Money Course includes hands-on practical advice, as well as the opportunity to think through attitudes to money, taking a lead from the down-to-earth wisdom of the Bible (although this course does not assume any personal faith or knowledge).
The Money Course also includes good online budgeting tools that anyone can access, including a Budget Builder for creating, organising and saving your own personal budget.
"The practical advice given on the money course makes so much sense and is really simple to do – the course has been invaluable"
The CAP Money Course, currently run by nearly 900 churches, is a money management course that teaches people budgeting skills and a simple, cash-based system that really works. This course will help anyone to get more in control of their finances, so they can save, give and prevent debt.