Talk Money Week

This year there seems to be a lot happening for the festive season; events and outings are back in full swing like they never disappeared a couple of years ago. Remember not to get pulled into the buzz surrounding Christmas and over spend; January comes around pretty fast and so do your bills.

This week we’re supporting #TalkMoney Week, designed to get us all talking more about the pennies in our pocket, our thoughts and feelings around money, and how and where to get help if and when you need it.

Quite often, it’s just saying the words out loud that’s the hardest part. So, we’re asking you to Do One Thing to help take the first step: check the cost of living guides available on the MoneyHelper website.

Research shows that people who talk about money:

  • make better and less risky financial decisions
  • have stronger personal relationships
  • help their children form good lifetime money habits
  • feel less stressed or anxious and more in control.

Building money conversations into our everyday lives also helps us build financial confidence and resilience to face whatever the future throws at us.

Money guidance T: 0800 138 7777

Pensions guidance T: 0800 011 3797


A penny saved is a penny earned 

How many of these tips do you currently do and how many more could you do to save more? Comment below with your own helpful tips.

  • Track your expenses: Keep a record of all your income and expenses to have a clear understanding of where your money is going.
  • Prioritise your needs: Needs and wants are on the opposite sides of the table. Identify your essential expenses such as housing, food, utilities, and transportation, and allocate your income to cover these first.
  • Cut unnecessary expenses: Review your spending habits and eliminate any non-essential expenses, such as eating out, cable TV, or gym memberships that you can live without. Try opting for free events and taking a packed lunch.
  • Create a budget: Set a monthly budget based on your income and expenses, and stick to it. This will help you stay on track and avoid overspending.
  • Look for discounts and deals: Become savvy and look for a voucher, discount codes or promotional offers suitable for your needs but try not to get swayed by the other offers.
  • Cook at home: Eating out can be expensive, so try cooking meals at home. This will not only save money but also allow you to have more control over the quality and nutritional value of your food. You could alway switch out with a friend; you cook one week and they cook the next, then you both have the chance to eat out and enjoy each others company.
  • Save for emergencies: Even on a low income, it’s important to set aside some money for unexpected expenses or emergencies. Aim to save a small amount each month, even if it’s just a few pounds.
  • Increase your income: Look for ways to increase your income, such as making a hobby into a side income. This additional income could help you cover expenses or save for the future.

Local services providing help and support

Welwyn Hatfield Citizens Advice offer advice about money and debt. Contact them by email, webchat or join a virtual drop-in or call: 01707 954 123.

HertSavers Credit Union is a not-for-profit savings and loans schemes. They can help individuals, families, and communities.

HertsHelp are able to listen and help you find independent support, guidance and information to get the most out of life.

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