Money Management | Depaulcharity

Money Management | Depaulcharity

Depaul helps people who are homeless, vulnerable and disadvantaged.

Money Management

LocationWho we help
London & South East Depaul UK ProjectsYoung people 16-25 years old in Depaul services.
How we help
Support for young people in dealing with benefits and budgeting, providing advocacy and ongoing money management support.

We give support and training to homeless, vulnerable or excluded people aged between 16 and 25, as well as Depaul UK staff members. We find ways to effectively engage young people - from basic money management skills through to complex finance, debt and benefit issues.

We engage with fundamental money issues, helping people with:

  • Personal budgeting sessions
  • Attitudes to money
  • How to communicate effectively
  • Banking, credit, debt and saving – the key facts
  • Advocating on their behalf with banks, lenders, benefit offices etc
  • Negotiating affordable payment plans, debt reduction & eliminating charges
  • Applying for emergency funds, assistance and grants
  • Support in transition to employment
  • Referrals of clients to other specialists (e.g. National Debtline)
  • Managing changes in income and benefits
  • Long-term advocacy for the clients with the most urgent and complex problems

It is critical that young adults can learn sound money management and budgeting skills.

Changes in the benefits system make it an absolute priority to improve the ability of high-need young people to avoid the penalties and problems entailed in mismanagement of benefit claims and their finances.

This project helps vulnerable young people to maintain a tenancy through careful budgeting; avoid homelessness and rough sleeping; increase income; receive the correct benefit entitlements and in-work benefits; reduce and avoid debt and genuinely improve their life prospects.

We also campaign and support young people to have their voice heard. In the past we have provided evidence to an All Party Parliamentary Group on Financial Education for Young People.

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