Money

Here's how The Big Issue can help tackle your money worries

Introducing The Big Issue’s new campaign to help solve your money worries, and show how everyone can plan for a healthier financial future

Credit cards spill across a table by a wallet

Fear and worry takes a toll on all of us. Action is urgently needed. Early in the first lockdown The Big Issue launched the Ride Out Recession Alliance (RORA), to unite organisations and individuals, share ideas and support those who most need it. For 2021 we have introduced the RORA Toolkit with access to jobs and training opportunities, to improve job chances and help people skill-up for the future.

And starting today The Big Issue is joining forces with Experian as part of its United For Financial Health programme, working with partners including The National Literacy Trust, National Numeracy, The Mix and The Trussell Trust.

“Covid-19 has sent shockwaves through the country,” explains James Jones, head of consumer affairs at Experian. “While much of the focus has been on public health, understandably with so many lives tragically lost, many of us have also seen our finances severely shaken up, especially if our job or income has been hit. At one point around nine million workers were furloughed.

“Latest government figures show that the low-paid and the young have seen their finances disproportionately affected. Although people who’ve switched to working from home are likely to have built up savings due to lower spending, around nine million people have borrowed money to help them get by.”

Lockdowns have taken income away from hundreds of Big Issue sellers. Support The Big Issue and our vendors by signing up for a subscription.

In the coming weeks we will share knowledge, advice and practical steps that everyone can take, working with experts across the financial and social spheres.

As Jones says: “With uncertainty ongoing, now is a good time to make sure your finances are as resilient as possible. Regardless of your current status, regularly reviewing your financial situation is vital, especially your income and spending.

“Staying on top of things makes quick, effective adjustments easier if your circumstances change. There’s lots of online support and tools available to help guide you, including on the Money Advice Service website.”

Get free training, careers advice and access to hundreds of thousands of jobs with The Big Issue’s RORA Jobs & Training

Even just remembering the basics can make a difference right away. “Many of us routinely overpay on regular household bills like broadband, energy and insurance, so shopping around to see what deals other providers offer can free up cash for use elsewhere,” Jones says.

“The same applies to any financial products you have, such as mortgages, loans and credit cards. Comparison sites, provided by Experian and others, can help you find cheaper deals on a wide range of financial products.”

Alongside our RORA Toolkit, we will ensure that you have the best information at your fingertips. On The Big Issue UK app we will be sharing free weekly tips and advice, where we can answer your questions and concerns, check bigissue.com for updates, and follow us on social media to put your questions to our experts: facebook.com/bigissueuk  @BigIssue

Support the Big Issue

For over 30 years, the Big Issue has been committed to ending poverty in the UK. In 2024, our work is needed more than ever. Find out how you can support the Big Issue today.
Vendor martin Hawes

Recommended for you

View all
'Don't try to be Richard Branson': TV pawnbroker Dan Hatfield shares top tips for making money
Dan Hatfield money-making expert
Money advice

'Don't try to be Richard Branson': TV pawnbroker Dan Hatfield shares top tips for making money

Britain’s renting crisis – what it means, why we got here, and what you can do about it
A person in a yellow shirt and blue glasses is thoughtfully looking at a document labeled
Sponsored post

Britain’s renting crisis – what it means, why we got here, and what you can do about it

Yes, National Insurance cuts have taken effect – but it doesn't mean lower earners are better off
Jeremy Hunt delivering his 2024 spring budget
National insurance

Yes, National Insurance cuts have taken effect – but it doesn't mean lower earners are better off

'Not just for the super-rich': How ethical investing can change the world
Ethical investing

'Not just for the super-rich': How ethical investing can change the world

Most Popular

Read All
Renters pay their landlords' buy-to-let mortgages, so they should get a share of the profits
Renters: A mortgage lender's window advertising buy-to-let products
1.

Renters pay their landlords' buy-to-let mortgages, so they should get a share of the profits

Exclusive: Disabled people are 'set up to fail' by the DWP in target-driven disability benefits system, whistleblowers reveal
Pound coins on a piece of paper with disability living allowancve
2.

Exclusive: Disabled people are 'set up to fail' by the DWP in target-driven disability benefits system, whistleblowers reveal

Cost of living payment 2024: Where to get help now the scheme is over
next dwp cost of living payment 2023
3.

Cost of living payment 2024: Where to get help now the scheme is over

Strike dates 2023: From train drivers to NHS doctors, here are the dates to know
4.

Strike dates 2023: From train drivers to NHS doctors, here are the dates to know