We are pleased to announce that we are participating in Talk Money Week, an annual awareness campaign coordinated by the Money and Pensions Service to encourage everyone to open up about their money and pensions.
From 7th to 11th November, Talk Money Week aims to reduce the stigma around money by encouraging conversations among families, friends, neighbours, customers, colleagues, and communities. Talking openly about money can have a huge impact on tackling money worries and is important for our overall health and relationships. The impact of the Covid-19 pandemic and pressures due to the rising cost of living have made it more important than ever to start conversations about money to look after our financial well-being.
Talk Money Week is also an opportunity to celebrate the work that our teams are doing to support the long-term UK Strategy for Financial Wellbeing, launched by the Money and Pensions Service (MaPS) in 2020 with support from stakeholders across the UK, which has ambitious ten-year goals to help everyone make the most of their money and pensions.
Throughout the week, there will be activities across Wales to get more people talking about personal finance issues and engaging with topics such as managing credit, saving regularly, planning for retirement, dealing with debt, and teaching children and young people about managing money.
As part of the week, Tai Calon will share helpful information and links on our social media channels to help get more people talking money. If you are struggling to pay your rent, please get in touch with our Income Team, who will be more than happy to give you advice and look at an affordable payment plan with you.
Free financial support information can also be found via the MoneyHelper website, which joins up money and pensions guidance to make it quicker and easier to find the right help, MoneyHelper brings together the support and services of three government-backed financial guidance providers: the Money Advice Service, the Pensions Advisory Service and Pension Wise. www.moneyhelper.org.uk
Caroline Siarkiewicz, Chief Executive at the Money and Pensions Service says:
“As we cope with the after-effects of the Covid-19 pandemic and face pressures from the rising cost of living, financial wellbeing should be at the heart of national conversation: a financially healthy nation is good for individuals, communities, business, and the economy. Talk Money Week provides a key opportunity for the nation to break the taboo of discussing money and finances. We are pleased to see so many organisations encouraging conversations about money – from pocket money to pensions – to help people across the country make better-informed decisions about their finances.”
For more information on Talk Money Week visit www.maps.org.uk/talk-money-week/