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Practical help and advice on dealing with debt, understanding how to avoid debt and managing your money

Debt advice centre

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Debt advice for families

Help for families

Having children is a life changing experience and budgeting for a family can be challenging. But there are ways you can save and plan ahead without leaving your kids hungry.

Families

Planning and saving

There’s a lot to think about when bringing another person into the world. Kids don’t come cheap and they need looking after – will you stay at home or will you get a child minder? Budgeting is crucial – we give you tips on how it’s done.

And what about the future? Whilst it’s important to work out how to balance buying toys and nappies with paying all your household bills, you also need to think about your children’s education and making sure there’s money aside for emergencies. So saving is important too.

But you don’t have to do all this alone – you can get help financially. Make sure you know your rights to claim any benefits to which you’re entitled to help with the expense of bringing up children.

Single parents

If you’re bringing up a child alone, you need all the financial support you can get. Worrying about money is stressful. Find out about the single parents’ benefits you can claim and how to do it, from Child Benefit to help with your child’s health such as milk tokens and free vitamins.

But support isn’t just available to help you with money, being a lone parent can be tough emotionally too. It can be easy to fall into spending all your time with your child, but we all need adult company sometimes too. Discover the support groups available to help as well as some general advice on single parent life.

It’s not just about the children

When you have children, they’re suddenly the central focus of your world. But if you’re in a relationship, it’s important not to lose sight of it with money worries. Communication is vital when making important financial decisions. And if your relationship breaks down, try not to let divorce put you in debt. Get sound advice on money and your relationship.

Contacts

Useful contacts for financial advice and parenting support.

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