One of the new projects we have begun this year is Money Management advice training and workshops – in this guest blog post project workers Cwti Green and Doreen Lewis set out the background to their work
Christmas is a time when a lot of us worry about making ends meet and getting our budgets to balance, especially at a time when fuel costs are increasing and everything seems to be getting more expensive. For some people we work with in east London, these worries are with them all year round.
People living on benefits, people on a low income, people with mental health problems, people in debt, homeless people, are often struggling with managing their money. Children and young people can live in a culture where there is little incentive to save or to think about budgeting.
We have been running money management sessions since May, and the idea behind them is to encourage people to think about how they spend their money and how they can save money. These sessions form part of the Community Links Early Action approach – working with people, enabling and building resilience, rather than coping with the consequences further down the track
We run money management sessions for many different people from many different backgrounds and cultures. We have worked with 10 year olds in primary schools and youth clubs, young people in secondary schools, those at risk of exclusion from school, and NEETS (young people not in education, employment, or training). We have also worked with lone parents, social-work students, a survivors’ group, people with mental health problems, and homeless people. As well as discussing ways to save, how to stay out of debt, and how to budget, we offer those in debt an opportunity for one-to-one debt counselling.
We give certificates to children and young people, which can be appreciated by those who have very few.
We also give money management information packs to young people aged 16 and over, and to adults. These address the needs and concerns specific to each age group. So far, from May to December, we have worked with 654 people and referred 15 people for debt advice. Rather than say any more, we will leave it to some of the participants to give their response to the sessions.
Quotes from Adult Participants:
- It has made me look at my money on a regular basis to give me a good idea on what my income and outgoings are. (Tenants’ Group)
- This workshop has given me loads of information regarding saving, for myself and also for my clients.
(Social Work Students’ Group) - Try and put money in a savings account. (New Deal)
- Buy things I need, not what I want, and use tips given. (INUF)
- Using less water, compare prices on Internet. (Survivors’ Group)
- I will make a shopping list before I go shopping and cut down on my takeaways. (Children’s Centre)
- Putting money aside each month. (Anchor House)
Quotes from Young Participants:
- I will try to save money by reducing the amount of times I eat chicken and chips. And reduce going to fast food restaurants. (Rokeby School, Year 10)
- If you save some money a day a week it will be more bigger and in a year the amount will be big and big. (Rokeby School, Year 7)
- Spend less. Don’t buy stuff I don’t need. (St Bonaventure’s School, Year 10)
- Think before you buy. (St Bonaventure’s School, Year 10)
- I’ll save the money which I usually spend on drinks and chicken and chips. (Youth group, Froud Centre)
- Saving pocket money. (St Helen’s Primary School, Year 6)
- I will cut down on fizzy pop. (Godwin Primary School, Year 6)
It’s tempting to spend more than you can really afford at Christmas – our money management advice and training supports people to keep to realistic budgets and avoid the difficulties of starting the new year in debt.
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