Managing your money
Here you can find support on managing your finances.
Our tips on how to manage your money and access financial support.
Access support for paying your rent
Paying your rent is a priority and falling behind with your rent payments can put your tenancy at risk.
Lampton Homes is keen to support you if you need assistance to pay your rent. Please contact us to discuss your options on .. or email us. You can also raise any concerns you have during our Property Manager’s check-ins during the first three months of your tenancy.
Benefits and welfare advice
You can check if you are entitled to any financial support for paying your rent on the London Borough of Hounslow website https://www.hounslow.gov.uk/info/20072/housing_benefit
If you need any further advice about housing benefit,
Budget planner
Budgeting is a good way to manage your money. A budget planner will help you know exactly where your money is being spent, and how much money you’ve got coming in.
Knowing where every pound is being spent is also a great first step to starting your savings, getting out of debt or preparing for retirement.
Budget Planner | Free online budget planning tool | MoneyHelper
Debt advice
If you’re struggling to keep up with bills and debt payments, don’t worry – you’re not alone.
Dealing with money issues can be a stressful time and can leave you feeling overwhelmed.
There are lots of steps you can take to resolve your difficulties, including getting free debt advice. There are organisations that could help and support you.
Money Helper –Help if you’re struggling with debt | MoneyHelper
Stepchange- Financial Help To Deal With Money Worries. StepChange
National Debt Line www.nationaldebtline.org or phone 0800 808 4000
Save on your bills
We’ve compiled our energy saving tips and support to help you save on your bills and access financial support you may be eligible for.
Energy Saving Tips and Support
Borrowing money
There are many reasons that you may need to borrow money, but it can cause problems if you use an Expensive Credit option such as a payday loan or doorstep lender. You should avoid these types of credit as it is likely you may have to pay high interest rates on top of the amount you borrowed and may cause further problems if you can’t pay it back.
Affordable credit
There are affordable options available for borrowing money when you can’t access credit offered by high street banks. These options will likely be available to you even if you have a low credit rating or are not currently working.
Credit Unions
Credit Unions offer savings accounts and loans. Many offer a wide choice of additional products such as Christmas savings accounts, prepaid debit cards, insurance products, cash ISA.
There is ‘no one size fits all’ rule in credit unions and there is great diversity in the sort of service and access points that different credit unions offer in order to meet the different range of consumer preferences
About Credit Unions (findyourcreditunion.co.uk)
Responsible finance
Responsible finance providers offer simple, affordable loans when the bank can’t help.
Responsible finance providers lend to people, businesses and social enterprises. They provide finance that is fair and offer support and advice.
Find out more via the Responsible Finance website.