MONEY HELP ADVICE TOOLKIT

We’ve put together a comprehensive Money Advice Toolkit for churches who want to help people in their parishes struggling with money in the wake of Covid 19.

The backbone of the toolkit are stand-alone training session videos, each about 45 minutes.

Each session is themed around a practical action you can take: from simple acts such as knowing where to signpost people, or offering small gifts to help in crisis, to more co-ordinated longer term projects like debt centres or partnering with a credit union.

Each training session comes with downloadable resources, links and contacts to find our more.

And it’s a completely FREE resource for all churches!

If you want to know anything more, or if a conversation would help you, please do get in touch.

The Background

Money is something we all have to deal with.

But for a lot of people it’s the cause of worry and stress. That is never more true than in this year, where the Covid pandemic has brought financial uncertainty to those who never thought it would.

But even pre-Covid, for many living in London, one of the most expensive cities in the world, low and precarious incomes are a way of life. But struggling with money takes it’s toll. And it’s something that could happen to any of us: most of us are just one or two paycheques away from not being able to cover our bills.

Debt, and financial struggles have hugely detrimental effect both on individuals and on local communities. It can affect mental and physical health, relationships, and how we can participate in our communities. It can lead to homelessness, breakdown and even suicide. Debt can feel imprisoning and it can seem there is no way out, no way to get on top of money situations.

But this is where the church has the currency of hope.

There is always a way out of financial worries: and the church can be there to offer this hope practically. Across the Diocese of London, churches offer this hope: through support for budgeting, money courses, debt advice, signposting, partnering with credit unions, supporting people to talk about money; walking with people as they apply for benefits; and many other acts of compassion.

Capital Mass is working to help churches respond to the issues of credit, debt and money worries in the communities they serve.

Our work around Debt and Financial Wellbeing supports churches wanting to serve communities in the following ways:

  • Community Finance- credit unions, local savings clubs, low cost borrrowing, tackling illegal lending
  • Debt and Money Advice - for those in financial crisis -Crisis support for those struggling with money or moving onto Universal Credit, such as foodbanks, clothing banks and furniture
  • Building financial capability - money courses, budgeting and being able to support people to get in control of their money
  • Campaigning for a fairer financial system - to ensure that the causes of poverty are tackled, not just the symptoms

We’re here to help the local church respond to the challenges that our communities have with money across the Diocese of London.

The issue

Financial exclusion is very real, and nowhere more so than in this great, but expensive city of London.

  • 2.3 million Londoners- about 27%- are living in poverty- after housing costs
  • Over half a million of those living in London are classed as being “over-indebted”- struggling to keep up with payments and falling into debt
  • Londoners in debt have worse levels of debt than elsewhere in the UK- and higher arrears on essential bills and face a greater struggle to make ends meet.

More than 1 in 3 of clients seeking help with debt in London were in rent arrears. The amount of rent they owed was half as much again as the UK average (Source)

The number of working-age adults in poverty in London has increased from 1.1 million to 1.4 million in the past decade. (Source)

21% of people living in London are paid below the London Living Wage. (Source)

OUR PARTNERS

CROSSLIGHT

COMMUNITY MONEY ADVICE

CHRISTIANS AGAINST POVERTY

TRUSSELL TRUST

CARITAS WESTMINSTER

IT’S ALL ABOUT MONEY