It’s no secret that managing finances is a problem for many people. A survey of over 2,000 people found that almost a quarter (24%) of all UK households have no savings at all, while 9% have savings of 250 or less. This means that if they were to lose their job or have an unexpected medical bill, they would be in serious trouble.
Taking the first step to navigating your financial situation
Managing finances can be a difficult task, but there is hope. There are so many things to keep track of, and it can be easy to get behind. Bills, savings, investments, and debt can all seem like overwhelming obstacles. But if you break it down and take it one step at a time, you can get a handle on your finances.
Some companies offer money management services. These firms can help people create a budget, track their income and expenses, and make better financial decisions. They can also provide education and support to help people improve their money management skills and maximise their income.
One example is IncomeMax, which is a social enterprise dedicated to helping people take control of their life events, debt and money. They offer a variety of resources, including support navigating the complex welfare system and help to claim benefits and access grants that vulnerable individuals and families are entitled to.
Enter IncomeMax: helping people find extra income.
Lee Healey founded IncomeMax in 2009, and it has grown to become one of the largest and most reputable suppliers of financial advice in the UK. They have found over 30 million in additional income for their customers and assisted over 100,000 people in regaining financial stability.
Healey envisions a society in which everyone has enough money and assistance to succeed on their terms.
“I founded IncomeMax to help people get the money and support they need to achieve stability, resilience and hope for the future,” he says. “Time passes and things gradually start to fall into place. Your income will be maximised, your household bills will decrease, and you will be on your way to managing debt.“
Personal money advice is their flagship service, and it helps clients take control of their finances. “With our friendly and helpful team, we provide advice and support on a range of real-life money issues, including benefits, household bills, debt and employment,” he adds.
Customers who are referred to them through their partner network are eligible for personal money advice. The organisations supporting IncomeMax include Nationwide Building Society, EDF Energy, SSE, Vanquis Bank, British Gas Energy Trust, Southern Water, Agility Eco and StepChange.
If you’re ready to take control of your finances, seek a social enterprise that understands your needs. With IncomeMax’s services, you can get your finances on track and increase your financial stability.
Lisa Kelly
Senior Journalist
https://www.afp.com
COMTEX_414502072/2776/2022-09-15T11:52:16
