DAF News

Could your family survive an “income shock”?

The unexpected has happened: Coping with a reduced income

 
There is no typical person who is most likely to get into financial difficulty. It can literally happen to anyone, at any time. 

The impact of money management lessons

Why is teaching children about debt and money so important?

 
We spoke to Parish Church of England School in St Helens, who have become a DebtAware Accredited Money Management School, on their involvement in the programme and what benefits the lessons have had for their pupils. 
 

How to Survive an “Income Shock”

Suddenly single or lost your job? Many people who realise they can no longer cope with their debt do so after a life event which causes a shock to their income.

 

Wesham School discusses benefits of financial education

We visited Medlar with Wesham Church of England Primary School near Kirkham, who recently became a DebtAware Accredited Money Management School

 
The materials used in the programme have all been created by secondary school aged children, and include diaries, films, PowerPoint presentations, badges and quizzes. To gain accreditation, schools have to meet stringent requirements and prove that the programme is fully embedded in their teaching. 

Spotlight on…Justine McGinnis, Assistant Manager of Debt Advice Foundation’s Contact Centre

What is your role at Debt Advice Foundation?
 
“I’m a Debt Advisor and also Assistant Manager for the Contact Centre.”
 

Facing the financial facts on the 'most depressing day of the year' as Blue Monday approaches

January is one of the busiest times of the year for Debt Advice charities. At Debt Advice Foundation, calls to the charity’s helpline almost double in January in comparison to December. 

 
All the bills that were there before Christmas are still there, but now there are some new ones; recent BarclayCard research revealed that consumer spending rose by 4% in December in comparison to last year. 
 

Charity's education programme recognised by Spirit of the Community Awards 2015

Debt Advice Foundation has been named as a finalist in the Spirit of the Community Awards 2015 education category for its ground-breaking peer to peer financial education programme DebtAware.

The annual awards, which are supported by the Yorkshire and Clydesdale Bank Foundation, provides funds to help registered charities and other voluntary organisations that contribute to making life safer, healthier and better for their local communities.

The charity receives £5,000 for being named as a finalist.

No politics here – but don’t forget to register and Use Your Vote

We’ve been a bit quiet recently – mainly because so much of the discussion around money and debt has been politically weighted in the run up to the election.

We try to stay balanced here, because we know that unmanageable debt is no respecter of status, potential income or political view.   So we have not been sharing reports and information as we normally do, since understandably so much of the recent news has been designed to sway voters one way or the other.

Payday lenders "should be made responsible for the actions of loan middlemen"

The Financial Ombudsman has turned a spotlight on websites that take large fees from consumers on the promise of finding cheap credit for them, even when those loans are not forthcoming.

And now Debt Advice Foundation has called for payday loan companies to be made responsible for the actions of credit brokers and so called “lead generators” – marketing sites which sell a potential borrower’s details to the highest bidder.

A more cautious approach to spending?

Retail figures for the Easter weekend have been reported as less than encouraging news for the economy.  Visits to high streets were down, trips to shopping centres were even lower and only retail parks – home of the garden centre and DIY stores – showed better footfall figures.

Traditionally warmer weather would see shopper numbers increasing, so what is happening?

The rise in online shopping is one cited reason – and perhaps we are just finding better things to do on a sunny Easter weekend?