Finance
About your finances
It’s important to be financially stable so that you can live your life comfortably. Managing money is a skill and everyone needs help to learn. We are here to help you understand what finances are available to you and how to budget. Our focus is to get you to a place where your finances are stable, you have a steady income and you can pay for the things that you need…as well as having some left over to do things you enjoy!
What you are entitled to depends on your circumstances these include things like:
- your age
- education or employment status
- if you have a disability or additional needs
- whether you’re pregnant or a father expecting a child
- if you’re seeking asylum
- your ‘legal status’ as a care leaver
You will go through this with your personal advisor (PA) and they will tell you exactly what to expect. Remember if you’re ever in doubt, reach out.
For 16 to 18 year olds
Between the ages of 16 to 18 your financial entitlements will be arranged by your social worker or personal advisor (PA) if you are no longer in care but entitled to the full care leavers service.
What money is paid and how will depend on where you are living and your independence plan in place with you. Your social worker or PA will explain your entitlements to you.
For those aged 18 and above
When you turn 18, you'll hopefully be earning money from a job, in higher education and receiving student finance, or both.
If you are in full time education (12 hours or more) you can claim Universal Credit. If you are not working you can claim Universal Credit. As with all benefits there is eligibility criteria. Your PA, social worker or other professional will help you to apply for Universal Credit.
See our benefit page below for more information.
Benefits
What you may be able to claim and how.
Housing finance
Financial help you might be able to get with housing costs.
Education and training finance
Financial help for your education.
Allowances and assistance for care leavers
Other support available for care leavers.
Bank accounts
Help with setting up bank accounts.
Money management
Help in difficult circumstances and organisations providing advice.
Financial support if you are expecting a baby
Benefits and other help if you're pregnant or have a newborn.
Energy saving tips
Helpful hints from personal advisors about how to save energy and money in your home.