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 helpContact details
Support for young people in dealing with benefits and budgeting, providing advocacy and ongoing money management support.Email: geraldine.o’toole@depauluk.org Monday – Friday 9am – 5pm.

We give support and training to homeless/vulnerable/excluded 16-25 year olds and to Depaul UK staff members - finding ways to effectively engage young people - from basic money management skills through to complex finance, debt and benefit issues.

We engage them with fundamental money issues, helping them to achieve vital skills:

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

http://www.pfeg.org/policy-campaigning/pfeg-and-parliament/appg-vulnerable-young-people-strand

https://www.facebook.com/media/set/?set=a.661256577240256.1073741825.181952828503969&type=1

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