By Paul Fox, Money and Pensions Service
The price of everyday essentials is going up, and inflation and interest rate rises mean your money might not stretch as far as it used to.
The government’s Money and Pensions Service (MaPS) provides free, independent and impartial financial guidance. Whether you’re worried about higher energy costs or tackling debt, it provides useful tools, calculators and guides to help you keep on top of your money.
Top tips
Prioritise bills:
The consequences of missing some types of bills can be more serious than if you fall behind on others. The MaPS bill prioritiser can help you put your bills and payments in the right order.
Talk to creditors:
If you’ve been caught off-guard by higher bills and you’re worried about missing a payment, letting the organisation know is the best first step to resolving your money issues.
Plan your budget:
Knowing where every pound is being spent is a great way to start saving, get out of debt or prepare for retirement. The MaPS budget planner can help.
Get free debt advice:
If you’re worried about debt, speak to a trained debt advisor about your situation.
For more information, visit moneyhelper.org. uk or call 0800 138 7777 free.