Tips and advice about managing bills, benefits, spotting scams and generally being more financially aware will be handed out for free in Brechin this month.
The Angus Financial Inclusion Partnership is taking part in the UK’s first Financial Capability week by hosting a Money Week in Brechin (Monday, November 14, to Sunday, November 20).
Financial Capability Week aims to raise awareness about what financial capability actually means; its importance in local communities; and what organisations can help to make a difference. It has been organised under the UK Financial Capability Strategy for the UK and coordinated by the government-backed Money Advice Service.
A 2015 UK survey highlighted that four in 10 adults were not in control of their finances; one in five could not read a bank statement; and four in 10 had less than £500 in savings.
Low levels of financial capability mean that people can lack the financial resilience to deal with unexpected financial shocks or life events and are at risk of falling into uncontrollable levels of debt, or suffering other financial difficulties.
Kathy Anderson, Chair of Angus Financial Inclusion Partnership said: “Brechin Money Week is a great opportunity for local organisations to highlight what services are available to the community to help them with the increasingly complex area of finances and budgeting that impacts on day to day life.
“We hope the whole community will embrace this opportunity and this week will be the first of many Money Weeks in Angus.”
In Brechin, Angus Council’s welfare rights, skills and trading standards teams, will be joined by other agencies including Angus Citizens Advice Bureau, Scarf, Angus Housing Association, the dept for work and pensions and Capital Credit Union to offer a wealth of information.
There will be an information point at Brechin Library during the week; drop-in information sessions at the Salvation Army on Wednesday, November 16, (10am–3pm); and drop-in information sessions at the Community Campus on Thursday, November 17 (10am – 4pm).
The drop-in sessions include information on affordable credit, budgeting, pensions, scams, benefits, debt advice, employability options and fuel costs. There will also be daily money tips on social media during the week.