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Managing your money

We want to provide help for people to manage their money. This is especially important when money is tight.

The first thing to consider is where you keep your money as this can make it easier to monitor and sometimes cheaper when it comes to paying bills. Below are some of the ways you can track what money is coming in and what is going out.

Managing your moneyBank/Building Society

This is the traditional place that people hold their money. It allows payments to come in and allows payments to go out. They also offer other products such as loans, mortgages, savings and much more.

It used to be that you would choose your Bank depending on where the nearest branch was. There are now half of the bank branches that there was 10 years ago, so finding a local branch can be difficult. As a result of this more and more people are using online banking which allows them to do most of the things that previously they couldn’t do unless they spoke to a person within a branch.

Online banking

We know that the idea of online banking for some people, especially those not used to using computers, can be scary. Because of this we have teamed up with Money Advice Scotland to give you the opportunity to try their online banking simulator for yourself.

This will allow you to use online banking and see how it works without worrying about using your own money or making any mistakes. Simply complete their quick registration form to get started.

Credit Unions

These are community savings and lending providers. They are membership owned, and importantly, are not for profit. They have branches which people can visit and online services in the same way banks do.

As well as having saving schemes that are easy to access, they can provide loans to their members which are far more reasonable than some of the short-term lenders.

There are several Credit Unions that cover Glasgow. The most local of these is Pollok Credit Union who are welcoming new members. 


It can be difficult to save money, especially if you are on a low income and money is tight. Putting away a small amount on a regular basis is a good habit to get into, whether this be for

expensive occasions such as Christmas or just to give yourself that bit of security in case of an unexpected bill or life event.

One myth that exists is that you need to save a certain amount each month that would not be affordable. The truth is there are savings plans where you can save as little as £1 a month. Whats more there is even a Government backed savings plan that will give you 50 pence for every £1 that you save per month. This scheme is aimed at people on low income that qualify for Working Tax Credit or are on Universal Credit. Check the details here to see if it something you are interested.

Credit Unions, Banks and Building Societies all have a variety of savings plans so if you can put something aside each week/month look at the options available.