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Posted 17th Nov 2016 by SWLLG.org
When 40% of adults say they are not in control of their finances and a further four in ten have less than £500 in savings, it is clear the UK is facing a financial capability crisis which requires a collective response. That is why South West London Law Centres are supporting Financial Capability Week.
Financial capability is the combination of attitude, knowledge and skills needed to make and exercise money management decisions that best fit the circumstances of your life. The cost of living continues to rise at a much higher rate than wages and many people struggle to make ends meet. Many of our clients face financial difficulties and the Law Centre is committed to providing holistic support.
Our debt team work with local partners to provide Financial Capability Workshops within the community. These provide guidance for areas such as switching and saving your energy bills, checking your benefit entitlements and managing your money. If you are a local organisation and want to know more about these workshops please contact us as we would like to reach even more people in need of our help.
The Financial Capability Week campaign is designed to highlight the work of organisations involved in financial capability and amplify their messages in order to achieve the large-scale change needed to tackle the stubbornly low level of financial capability in the UK today. It aims to improve people’s ability to manage money well, both day to day and through significant life events, and to handle periods of financial difficulty.
South West London Law Centres is a passionate advocate for improved financial capability and proud to be part of Financial Capability Week 2016. By joining together under the Financial Capability Week campaign banner we can shine a spotlight on the stubbornly low level of, but also celebrate the excellent work being done to drive up, financial capability in the UK.
To find out more about the work of SWLLC's debt team, please contact us!