It’s time to Talk Money in York and maximise household income

As the ongoing cost of living crisis is forcing many households to make difficult decisions, City of York Council and partners are holding Talk Money Fortnight from 30 October to 11 November.

For some, pay rises are easing the cost of living. Mortgage holders and tenants are relieved that interest rate rises are on hold. However, the higher interest rates introduced to calm price rises have added pressure to many businesses leading to job losses which are expected to increase further. Meanwhile food prices and fuel costs continue to rise, making it more difficult to budget.

To support people through this worrying time, a partnership of money experts has come together again to host Talk Money, a fortnight of activities, events and signposting to resources. Together, we’ll be supporting residents to maximise their income, manage household budgets, stay on top of bills and payments, cut costs and advice on building up savings.

To help meet still-rising expenses, households are urged to check if they are eligible for any benefits or allowances to maximise their income. This could include Pension Credit which is available even for those who own their home and have savings and brings additional benefits. It includes applying for free school meals too which bring further help with uniforms and extra money to support your child’s schooling.

Cllr Katie Lomas, Executive Member for Finance, Performance, Major Projects, Human Rights, Equality and Inclusion at City of York Council, said: “Open and realistic conversations about money and personal finances have to be part of all our planning and budgeting, especially in a cost of living crisis. As such, this fortnight is a landmark on our journey towards becoming an anti-poverty city within a decade.

“It’s never too late to see if there are ways to maximise your income by claiming everything you’re entitled to. We know millions of pounds of Pension Credit go unclaimed every year which could be helping hundreds of York residents. That, and other benefits, can open up eligibility to more ways of living more affordably such as grants to make homes more energy efficient, free school meals and help with childcare."

For a wealth of ideas, advice and information from organisations including City of York Council, the Government, Citizens Advice, Stop Loan Sharks and Community First Credit Union, please visit www.livewellyork.co.uk/talkmoney.