'Money saving expert' Martin Lewis launches financial advice service for social tenants
Published by Max Salsbury for 24dash.com in Housing and also in Finance
'Money saving expert' Martin Lewis has launched a new service to help social tenants manage their finances.
The three-year project is being aimed at first time tenants, the under-25s and those that have experienced changes in their financial circumstances.
Whitefriars Housing, in tandem with Groundwork West Midlands, Midland Heart and Coventry City Council, created SORTED to improve the fiscal confidence of those in social housing.
Backed by a £1m Big Lottery Grant, the scheme will see specialist trainers and volunteer coaches deliver free one-to-one and group sessions on subjects such as budgeting, banking and understanding the benefits system.
A replica flat - the SORTED flat - in Coventry City Centre will be used as a training centre for the programme.
And the flat's training sessions will be brought to life through the use of working kitchens, meters, heating systems and affordable home furniture.
Welfare reform and the bedroom tax will also be addressed in the sessions.
Martin Lewis, who launched the programme in Coventry last week, said: “Unless you’ve already done it, everyone can find something that’ll make their money go further.
"The SORTED project is taking that message and lots of tips out there to people who need it most – those on a limited budget who are facing change in their lives.
"It’s simple steps include maximising your income and then making sure that it’s used most effectively. I’m delighted to have the opportunity to be able to support it.”
Leisa Dixon, of WM Housing, Whitefriars parent company, said: “These are difficult times for our customers. The upcoming welfare reforms will place additional strains on people’s already tight budgets.
"As the largest social housing landlord in Coventry we have many financial support initiatives which we are running for our residents. This project will help people make the best of their resources and protect their futures.”