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Money management

Whether you are in financial difficulty or just want better control of your spending, see our top tips for managing your money.

Make a budget

Making a budget is the first step in controlling your money. It will clearly show your income and what you are spending money on each month.

Check your bank account

Make sure you are checking your bank account regularly to make sure that there is enough money to cover all your direct debits.

Use cash

Using cash rather than a card will help you control your spending as you can only spend what you have.

Budget for one-off expenses

Some expenses only happen occasionally, like Christmas and holidays. Work out how much you will spend in the year on these, divide that amount by 12, and put the money away each month until the expense or bill is due.

Shop around

Try using price comparison sites, for example Boilerjuice if you are looking for a comparison about cheaper oil costs. If you are looking to buy something new, decide if it is something you just want or something you actually need. Shop around at stores and online to find the best deals.

Check your direct debits

If you pay for things by direct debit make sure you know what you are paying for. Check you aren’t still paying for any services you don’t use any more.

Cut back on your spending

You don’t need to make big changes to your lifestyle to save money. Cutting back on the little things you buy can make a big difference. For example, if you spend £2.00 on a coffee each day every week this adds up to £520 every year.

Deal with your debts

If you have debts and are struggling to pay them try using our online debt counselling service, or call our Helpline. We will be able to help you find the best way to manage your debts.

Save money

You should consider saving some money every month as this will help you budget for any emergencies, or will help you plan for a secure financial future. Even if you only save a small amount each month you will find that it quickly adds up.

If you are considering financial planning, take a look at our online service, CCCS Money Matters, which gives you tailored advice about the financial needs of your household.

FAQs

How can I find out what benefits I can claim?

You may be entitled to some Government benefits to help increase your income. You could speak to your local benefits office or visit NI Direct, the Governement benefits website. If you are struggling with debts and would like advice on benefits please call our helpline. One of our specialist advisors will be able to check what you are entitled to.

I cannot open a bank account. What should I do?

You may have difficulties opening a bank account if you do not have a passport or a driving licence. Different banks will accept different forms of identification. You will need to check with the bank to find out which other forms of identification they will accept. You may have to try several different banks until you find one who will accept the identification you have. If you have problems opening a bank account please visit the Money Advice Service website or contact the Financial Ombudsman.