Tag Archives: budget

The Money Advice Service

12 Aug

By now, you will probably have seen one of the adverts for the Money Advice Service on TV (you know the ones, where the small child or old lady shocks the rest of the family saying “MA can help”).  The Money Advice Service is a free, financial advice service offering independent, sales-free, jargon-free information on all matters relating to personal finance.  It provides clear, unbiased money advice to help people make informed choices.

They have a website, phone line, YouTube channel, online chat facility, and even hold face to face appointments, to discuss any money issues, including:

  • Personal Budgeting
  • Savings and Investments
  • Protection
  • Credit and Borrowing
  • Retirement Planning
  • Taxation
  • Benefits

The five key principles of the service are:

1. “On my side”: the service is impartial from the Government and the Financial Services Industry.

2. Supportive: the service provides information and guidance to enable users to make better decisions and take positive steps towards improving their finances.

3. Preventative: Money Advice Service is not a symptom-focused, crisis response service like debt advice. Rather the aim is to help prevent  financial difficulties and address the underlying route causes of poor financial decision making, including knowledge, financial literacy and money management skills.

4. Universal: the service is free and available to all.

5. Sales free: the service does not sell or make recommendations about specific products or types of product.

For more information visit the website: www.moneyadviceservice.org.uk.  Through the website you can access a Budget Planner and complete a Financial Health check, as well as finding out more about various financial issues.