When you have worries about your money, where can you turn? It can be hard to know where to get help, especially when you have limited time to search for resources. But struggling alone can lead to unnecessary stress and hardship.
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Why should you seek support with your finances?
Money worries can cause a great deal of stress, which can have a further impact on your physical and mental wellbeing. Seeking support when you have questions or worries can lessen the load and make it easier to cope. It can also help you reach your goals more effectively.
Which financial issues can you get help for?
You can seek support for a wide range of financial issues and worries. You don’t always need to have something specific in mind! Common problems that people might look for help with include:
- Dealing with debt
- Accessing benefits
- Cutting your cost of living
- Rebuilding your credit score
- Preparing to buy your first property
- Saving for big goals
- Starting to invest
- Building your pension savings
- How to plan for retirement
- Feeling stressed and anxious about money
How Maji can help
Luckily, with Maji at your fingertips, you have access to a host of tools and resources to help you understand and manage your money:
Education
Maji’s library of educational resources includes coaching journeys that break down important money milestones step-by-step, as well as video masterclasses with financial experts. Learning more about your money can help you feel more confident and in control.
Tools and calculators
With Maji’s interactive tools, you can create and manage your daily budget, model your long-term financial outlook, and build confidence in your overall money position. Planning for your short and long term goals can help you take the right steps to reach them.
Financial experts
Websites and charities can be great sources of information and support, but you might prefer to work 1:1 with a professional.
- Financial coaches can offer guidance on a range of topics, usually centred around your confidence, behaviours and habits surrounding money. They can’t tell you exactly what to do, but can help you ask the right questions to get your plans on track.
- Financial advisors can give direct recommendations, usually focusing on topics like savings, taxes, investments and retirement. For more on the difference between coaching and advice, see our blog here.
- Specific professionals such as mortgage brokers or will writing services can help you navigate particular financial journeys.
Employer benefits
Understand what else is on offer from your employer and find out how to access these benefits.
Support beyond Maji
If you need further help, you could seek support from the following sources outside Maji:
General support across a range of issues:
- Free advice services: MoneyHelper and Citizens Advice offer help and support on a range of financial issues, with free online resources and helplines.
- Your bank or building society: they may provide educational resources, signposts and calculators via their website. You can also telephone most banks to ask for support with common tasks like opening an account or starting to save.
Help with meeting the cost of living:
- Your local authority: your council may be able to refer you to helpful services like food banks or help you lower your bills. Check their website to find out.
- Your utilities providers: some utilities companies (water, electricity or gas) may be able to provide funding to make essential payments, or support to spread the cost. You can also check for cheaper deals via the website Uswitch.
Help with specific problems:
- Charities: there may be a specialist charity to support you with a specific issue. For example, StepChange for debt; Turn2Us for benefits and grants; or Gingerbread for single parents.
