Mortgages and debt are the main reasons to seek monetary guidance, according to data Yorkshire News

Mortgages and debt are the main reasons people have sought monetary guidance in the past year, according to new figures.

Homes and mortgages were the top reason people visited the Money Advice website between June 1, 2020 and May 31, 2021.

The most common reason people contacted your helpline during the same period was debt inquiries.

Sign up to our business newsletter

Sign up to our business newsletter

The findings were published by MoneyHelper, which was recently released by the Money and Pensions Service.

The government-backed MoneyHelper service is a unique new destination that provides free money and pension guidance by phone, online and in person.

It also directs people to seek free debt counseling, if they need it. It groups together the services previously provided by the Monetary Advisory Service, the Pension Advisory Service and Pension Wise.

On Monday, MoneyHelper launched a new online program to help people rebuild their “financial fitness” during the Covid-19 pandemic called Couch to Financial Fitness.

It will guide people through three simple activities per week for four weeks, followed by a five-week extension to “strengthen financial habits.”

Topics that users will cover as essential money include reducing costs, staying on top of bills, and strengthening savings.

Caroline Siarkiewicz, CEO of the Money and Pension Service, said: “Similar to a step-by-step approach to training for a 5K run, Couch to Financial Fitness can help people improve their finances by starting with just the basics.” .

Here are the main reasons for visits to the Currency Advisory Service website between June 1, 2020 and May 31, 2021:

2. Births, deaths and family

3. Pensions and retirements

5. Budgeting and money management

And these are the main reasons to call the Money Advice Service helpline between June 1, 2020 and May 31, 2021:

4. Budgeting and money management

5. Births, deaths and family

More about this article: Read More
This notice was published: 2021-07-26 03:21:00

Leave a Reply

Your email address will not be published. Required fields are marked *