Are you concerned about your financial wellbeing? Struggling to make ends meet? Do you want to learn how to improve your financial situation? If so, then you are in the right place.

Firstly, it’s important to realise that you're not alone. The cost-of-living crisis is a real pressing issue for many people in Bury and the surrounding areas.

Millions of people across the country are living in poverty, and the situation is only getting worse. But there is hope… There are several ideas listed below that you can consider as a starting point, even the smallest of changes could have a big impact on your finances.

1. Start by evaluating your current financial situation

   It's important to have a clear understanding of your current financial situation before you can start making improvements. Take a close look at your income, expenses, debts, and assets. This will give you a better idea of where you need to focus your efforts.

2. Make a budget and stick to it

   One of the best ways to get a handle on your finances is to sit down and make a budget. Track your income and expenses so you know where your money is going. Then, make adjustments to ensure that your spending aligns with your priorities.

    

3. Cut back on unnecessary expenses.

   A big part of staying within your budget is being mindful of your spending. Take a close look at your habits and see where you can cut back, whether it’s eating out less often, skipping your daily latte or cutting back on other discretionary expenses.

4. Boost your income.

   If you’re struggling to make ends meet, it may be time to consider ways to boost your income. If you’re employed, see if there’s room for negotiation on your salary or hours or look at suitable alternative vacancies. If you’re self-employed, look for ways to increase your rates or bring in new clients.

5. Invest in yourself.

   Investing in yourself can pay off in both the short and long run. Consider taking courses or pursuing qualifications that can help you land a better-paying job or earn more money from your current job. Or, think about starting your own business – this can be a great way to take control of your financial future.

6. Reduce debt

   Another key component of financial wellbeing is reducing debt. If you can pay off your debts, you'll be in a much better position financially. Plan to pay off your debts as quickly as possible and stick to it.

If you have tried everything within your power it to improve your financial wellbeing, it may be a good idea to seek out financial assistance.

If you’re struggling to make ends meet, there are many support services that can offer financial assistance to Bury residents, whether it’s help with groceries, utility bills or housing costs. Don’t be afraid to reach out for help – it could be the key to getting through this difficult time.