Cost of Living and Financial Support
Managing your money can be a little overwhelming. If you are struggling, it is always better to address it as soon as possible, to avoid building up debt.
Civvy street can be more expensive than living on camp and for those transitioning out of the Forces, there may be things that you didn’t have to consider before. For example, your rent and mortgage payments will no doubt be higher than you are used to, and you will have to pay for things like Council Tax.
Money Management Tips
- Keep a record of your spending and consider using a budgeting app to help you keep track
- Choose cheaper supermarkets for your shopping
- Use price comparison websites
- Find out what payment methods are available for something. For example, paying by direct debit can often be a more affordable way of paying
You can find lots of hints, tips, and tricks on the Money Saving Expert website.