Manage your money

Our tips for managing your finances.

Learning to budget and manage your money can help you save money and stay on top of your bills. Here are some general tips to help you manage your money better.


Budgeting involves keeping track of how much money you receive and how much you are spending.

It can help you prioritise important things and cut back on others. It also helps you plan for the future. A good budget plan can stop you getting into debt.

Visit the MoneyHelper website for more information on budgeting.

Get a bank account

Access to a bank account is important, especially if you are on benefits. A bank account makes it much easier to manage your money. You'll be able to spend money using a debit card instead of carrying cash around.

You can also set up Direct Debits so bills are paid automatically.

Calculate your benefits

Are you are receiving all the benefits you are entitled to?

Use the useful better off calculator to check that you are receiving all the benefits you are entitled to. 

Energy bills

Do you want to save energy but not sure where to start?   Visit our energy advice webpage for our top tips to help you save money on your energy bills and how to reduce your carbon footprint.

Contents insurance

What would you do if you lost all your possessions? Could you afford to replace everything you own straight away?

We insure the structure of your home but our cover doesn't include what's inside it (your furniture and your personal belongings).

If you have to replace the contents of your home it could prove very expensive. We strongly recommend that you get your personal belongings insured against events including:

  • accidental damage
  • fire
  • theft
  • flooding/escape of water.

For more information on contents insurance, visit the money helper website.

We often link to other websites, but we are not responsible for their content.

Help and support 

 If you're still unsure, contact our income management team