Considered among brits’ a taboo subject, money worries and financial problems are not high on the conversation agenda as people tend to fear that they will be judged if they open-up about these issues.
According to a recent article by Moneywise, nearly half of UK adults are hiding more than £4,000 of debt from their family and friends. Further to this, a 2018 report by the Money and Mental Health Policy institute reported that more than 100,000 people in problem debt attempt suicide each year in the UK, therefore it’s important to talk openly about money worries before your situation gets worse.
How GroceryAid in partnership with StepChange can help
One of the first things to do if you are having worries or experiencing problems with your finances is to get an overview. GroceryAid works in partnership with the Debt charity, StepChange to help you asses your financial situation and give advice where needed.
StepChange are experts in helping people to manage and repay debts, offering tailored advice and practical solutions to help you make a fresh start.
Many people who are burdened with problem debt, don’t seek help. Only a staggering one in six over indebted people will access help by themselves, therefore we need to have more open communication within organisations about money to help raise awareness that it’s okay to talk about it.
How can you raise awareness this month?
Show how you are committed to improving employee financial wellbeing in your organisation by sharing this article on internal platforms or using our social media content on your internal or external channels.
Let your employees know that there is FREE support available if they are facing money worries and signpost them to GroceryAid. This is a completely confidential service, which they can access via our 24/7 Helpline or by visiting the GroceryAid website.
Find out more