10 Of The Best Sources To Help Money With Worries During The Cost-Of-Living Crisis

Around nine in ten (89%) adults (around 46 million people in the UK) continue to report that their cost of living has increased, according to the Office for National Statistics. The most common reason for feeling tight is noticing an increase in the grocery store (94%), gas or electricity bill (82%) and fuel price.

The government has tried to help people deal with the crisis, with ex-Chancellor Rishi Sunak previously saying: “We have a responsibility to protect those who are paying the ultimate price for rising inflation and we are stepping up to help.” to help.”

financial uncertainty best sources cost of living crisis

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Earlier this month, another attempt to deal with the economic crash came with the September ‘mini-budget’ announced on Friday 23 September by then-newly appointed Chancellor of the Exchequer Kwasi Kwarteng. It outlined the government’s upcoming economic spending plans and preceded the two traditional financial reports of the year – the autumn budget, usually released in October or November, and the spring report in March.

financial uncertainty best sources cost of living crisis

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But the alleged anti-inflation measures and tax cuts for economic growth are causing a lot of uproar. Many share the concern that the mini-budget will benefit those who already have high incomes and will do little to ease the financial burden on low earners. For example, the basic income tax rate has been reduced by just 1% (from 20% to 19% effective April 2023), but the higher rate of 45% has been dropped, meaning there will now be a single high rate of 40% . from April 2023.

A study conducted by global employee wellbeing platform Champion Health has shown that 71% of UK professionals suffer from moderate to high levels of stress. And the cost of living crisis is making those under financial pressure (34% cited this as a reason for their stress in the survey conducted) feel tired.

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Amid the ongoing crisis, we’ve rounded up 10 resources to help you manage financial uncertainty and money worries.

Here are 10 of the best resources to combat financial uncertainty during the cost of living crisis:

1) This girl is talking about money

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Ellie Austin-William has worked for a number of legal and marketing firms and was founded in 2019 This girl talks about moneyteaching this generation – and the next – lessons about money that we didn’t learn in school. Cultivating a money mentality and learning better money management skills are at the core of their platform. To drive the conversation, Austin-William uses the experience and insights she has gained from working with established fintech and financial services brands to create engaging and carefully curated content.

She covers everything from myths about money slowing down your financial progress and the costs of being single, to how to deal with money stress and real-life accounts of women controlling their salaries. Since then she has specialized in hosting a podcast, money unfilteredwho recently addressed the “money obsessed world” we live in. She’s also addressed issues in recent weeks, including the hidden things business owners don’t disclose, money mistakes and splitting bills with your partner.

2) Clare seal

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Clare Seal has been vocal about personal finance, for example speaking on September 30th about her own mortgage experience. This came after requests from her followers on how to avoid the risk of overpaying on a mortgage. She’s also talked about how to manifest away the cost of living crisis, addressed the questions we should be asking to achieve our dream retirement goals, and shown her followers how to reframe their relationship with money. Seal is the founder of the Financial Wellbeing Forum, which provides uncompromising and supportive conversations about money, author of Five steps to financial wellbeing, and freelance financial coach.

3) Emilie Nutley

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“Helping pay off debt, save, and build wealth,” reads Emilie Nutley’s Instagram bio. She offers financial solutions for budgeting, addressing multiple income streams, saving versus investing, payday must-haves and achieving financial goals. Their platform not only offers advice on current and long-term financial issues, such as B. living within your means and economic decline, but also free resources, money offers and a monthly master class.

4) Female Investment

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Women, female-identifying, and non-binary people are the target market for Female Invest, a community with a mission to bridge the financial gap. Founded by three women – Emma Due Bitz, Camilla Falkenberg and Anna-Sophie Hartvigsen – it educates people about personal finance and investing, promotes financial confidence and teaches women and marginalized voices to use their money for positive impact.

Bitz, Falkenberg and Hartvigsen are also the co-authors of Girls Just Want Money: A Feminist Guide to Investing, a book that proves you don’t have to be a financial guru or a millionaire to make money. Together, they’ll teach you how to set realistic goals, demystify financial jargon and markets, and become independent with a f*ck you fund. In other words, they are the dream team when it comes to advice on taking your financial future seriously.

5) Charlotte Jessop

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Charlotte Jessop gives simple, easy-to-implement tips on fear of money and how to improve money management. The mathematician, who has received countless awards from the Chartered Institute for Securities & Investment, is a director of Watch your money (LAYP) and provides financial education materials with a focus on women, immigrants and those living below the poverty line. LAYP hosts workshops, live events and group coaching sessions, and uses UK-based Personal Finance to educate on topics such as tax, credit, budgeting, interest rates, mortgages, student loans and investing.

6) Olamid Majekodunmi

Podcast host and founder of Everything to do with money, Olamide Majekodunmi, provides adults with financial resources to cope with everyday life. She dissects current topics such as the September mini-budget and dissects everything from student accounts to energy-saving hacks. This business graduate has also published eBooks, workbooks, and planners to help people become financially literate. Her latest podcast episode helps listeners understand if now is the right time to buy a property. On October 26, she is hosting a live event on how to deal with the cost of living crisis.

7) Break the cycle of debt

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Budgeting of income and side hustles are two key topics covered by Break the cycle of debt. Whether you’re tackling sinking funds and out-of-control spending, emergency savings, or payday fears, the tips and guides on this page will help you better manage your money worries. It also shows real examples of debt settlement and how to deal with everyday financial problems.

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8) Alice Trapper

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Alice Trapper’s specialty is work and money. Do you need to self-reality check, settle a secret debt, or feel comfortable knowing you’ve turned down a promotion for a job that offers better emotional stability than extra bags? Trapper’s regular posts on our biggest money problems give you the opportunity to answer these questions and more. Recently she spoke about retirement goals, alternative career paths, prioritizing mental wellbeing and making linear career paths the norm rather than a taboo topic. It also normalizes haphazardness, sabbaticals, and unconventional ways of making money.

9) Kia Commodore

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Kia Commodore has partnered with brands like Fiverr, Plum, Barclays, Monzo and TATE Britain to host financial literacy sessions and is sharing their money insights with their 21,100 followers and counting. It covers topics such as home buying, investing, and saving and investing within the black community. Commodore also encourages their followers to take part in regular savings challenges and show people with financial goals hands-on how to turn pennies into big savings pots.

10) Emma Edwards

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Australian-based Emma Edwards is an expert in financial psychology and helps us improve our well-being around money. She is the idea behind it The broke generation, which offers money tips based on psychology and human behavior. Her latest podcast episodes cover how to feel more prosperous in everyday life, how to romanticize your life and finances, and how to change your financial behavior, according to Science. And with topics like “Reflecting on 31 Years” – the title of her latest podcast episode – she makes sure that her followers get to know the real me.



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