Money management

Whether you rent or own your home, managing money is something we've all got to take seriously. Sometimes however with rising costs and mounting bills things can get a little on top of us. We're here to help and we can offer you support and advice in making sure you make the most of your money.

Browse the drop down information below to learn more about each of the ways in which we can support you.

 

  • Money management courses

    Our Money Advice Team run relaxed and friendly Money Management Courses to help you learn more about budgeting and managing your money. We can help you to develop your financial know-how and work out the best options for managing your household income and out costs.

    By the time you’ve completed the course with our team of money mentors you’ll know:

    • How Welfare Reform changes will affect you
    • How to prepare a monthly personal budget
    • How to prioritise your bills
    • How to prioritise your other spending
    • How to deal with debts
    • How to be a savvy shopper
    • How to open a bank account

    Get In Touch If you’d like to come along please contact our Money Advice Team on 0345 60 20 540 to arrange your booking.

  • Saving and borrowing

    Managing your savings and ensuring you're choosing the right kinds of borrowing options are important. By making the right choices and staying on top of your finances you can protect yourself from falling into debt.

    For more information visit our saving and borrowing page here.

  • Bank accounts

    Having a bank account should help you take control of your money and will keep it safe and secure at the same time. You can have your wages, benefits and other income paid into your account without worrying about keeping cash in your home. 

    To find out more on finding the right account for your visit our choosing the right bank account page here.

  • Affordability

    As well as giving you a place to call home we want to ensure that you can manage your finances, including the cost of running your household. This is always something you should think about before agreeing to take on a property, and it’s always good to keep track of your money each month once you’ve moved in. 

    We want you to be happy and successful in your Midland Heart home and being able to manage your money is a big part of this. This is something we encourage all our new customers to think about before they agree to move into a property, but it’s also vital you keep on top of your finances once you’ve settled in.

    Things that need to be considered are priority bills that need to be paid.  These include things like rent, council tax, water, TV licence, energy bills, housekeeping, clothing and travel costs.  After this you should think about your other costs like mobile phone bills, internet, TV costs and any debts you owe. 

    If you’ve got some money left after paying all your essentials why not put some savings away for a rainy day?

    Things that need to be at the top of the list are these priority bills:

    Rent or Mortgage

    Gas

    TV Licence

    Travel

    Council Tax

    Electric

    Food

    Fines


    After these essential items you should think about your other spending. This might include:

    Satellite TV

    Catalogues

    Birthdays and Christmas

    Unsecured loans

    Clothing

    Credit cards

    The Affordability Calculator can help you to work out your budget based on the amount of money you have coming into your household. If the calculator leaves you with a minus number you should speak to our Money Advice Team on 0345 60 20 540 who can offer advice on managing your money.

  • Budgeting

    Budgeting is important for all of us, its essential you review your incomings and outgoings on a regular basis to ensure you can maintain the things that are important to you.

    To find out more on our budgeting page.

  • Help with council tax

    There may be ways in which you can get help and support with your council tax. To find our more visit our council tax page.