Money Management is a new service offered exclusively to JETS participants in Greater Manchester. Once you’ve signed up to JETS you are entitled to receive free information and guidance from a dedicated team of advisors with over 65 years of financial experience. They will invite you to either group workshops or 1:1 sessions where you will receive support tailored to your needs.
The service coversBudgeting and money management
If you’re struggling to pay your bills or to save for the future, then you are likely to benefit from signing up for this support. Since its launch in early 2021, over 170 people have already used the service to help solve their financial needs.
You’ll get free advice and support to help you budget, manage your money, and deal with debt problems. Sometimes just being aware of practical tips on managing your money can help you feel more in control and make informed choices.
Our team offers a group sessions and workshops, as well as individual sessions with tailored, confidential advice and information.
"Thank you Ian for your time and experience this morning will give this a try, I found this morning a good morale boost." Christine R - Participant
An accurate plan will help you to focus your mind on what you currently spend your money on and where you can make savings. It will let you see where you can make savings around irregular spending.
It will highlight fixed expenditures. Where you may be able to make savings by switching, e.g. utilities, mobile phone contracts.
It gives you all the information you need to hold discussions with your creditors in order to put repayment plans in place: rehabilitation plans, holidays, recovery plans.
It is a constructive plan will give you freedom. It will help you decide what is important to you.
Good debts are really investments. When you buy a house, you are purchasing shelter and gaining an asset that will likely grow in value. Paying down a home loan might take decades, but as the equity grows and the value of the house increases, a house can easily become your most valuable investment.
Other purchases do little financially but drain money. Holidays, fine dining, and expensive cars might boost your ego but do nothing for your net worth. If you start to go into debt to get them, they can lead to financial despair.
It’s important to learn the difference between good and bad debts. You need to learn how to save money for big purchases, emergencies and, ultimately, retirement. It is important to know that taking on frivolous debts can undermine your life goals.
Through 60-90 minute group workshops (1:1 sessions can be requested), you will learn more about:
Additional and more specific workshops are available for:
Money management for single parents.
Personalised 45-60 minute bitesize workshops include:
"Thank you for taking the time to find out this information for me." Gordon E - Participant
You must be a participant of JETS to be able to take part in the money management service workshops. If you aren’t, find out more about the jobseeker support available from JETS in Greater Manchester or speak to your Jobcentre Plus work coach for more details. If you are a current participant, contact your JETS advisor and ask to be referred to the money management service.
The money management service is currently only available to Greater Manchester JETS participants.
Job Entry Targeted Support is delivered in Greater Manchester by Ingeus alongside Bolton Council, Oldham Council, ELP Rochdale Borough Council, The Growth Company and The Get Set Academy. It is commissioned by the Greater Manchester Combined Authority (GMCA) and funded by the Department for Work and Pensions.