Coronavirus: Helping people at a time of financial crisis

Coronavirus: Helping people at a time of financial crisis

26 March 2020 by Alison Tsang in Money Matters.

The Coronavirus has plunged so many previously “financially stable” people into money crisis: loss of jobs, businesses, income, worry about paying bills. Those who were already on low income with little financial resilience are in even worse a position.

Given that 4 in 10 of us have less than £100 in savings, many of us are either in this situation, or are supporting people in our parishes, communities, or friendship groups who are. And worry about money is very real, particualrly when this situation has come out the blue, with not time for planning or saving.

In these uncertain days, many people have told us that money worries are one of the key pressures on their mental health, causing raised anxiety and fear at what is already a scary time to live through.

We know that over the coming days, weeks and months, many churches will be on the front line of helping those in their congregations and communities with these money worries.

We have put together a few simple resources to be of help.

Firstly, we’ve devised a 2 hour simple “one stop shop” webinar (running for the first time on Tues 31st March) covering the basics of what churches and community leaders can do to help people in financial crisis due to the Coronavirus. This is NOT a comprehensive course in money advice, just really a “where to start”. If you’re interested in this, more information is here

Secondly, we’ve put together a lot of brilliant resources produced by other organisations, to cover all the sorts of questions that are arising and will continue to come up over the coming weeks. This covers everything from an online benefits calculator to see what you are eligible for, through to resources on money and mental wellbeing, and budgeting tools, government advice. This resource can be found here

Finally, if there are things we can help you with, in a parish setting as you seek to serve the needs of your neighbours, then please do get in touch and we’ll do what we can. Whether that’s to do with financial worries, or any other community supporting issues. We’d love to help serve you as you serve, where you are.

Alison Tsang

Alison Tsang

Alison works for Capital Mass, heading up issues around Financial Wellbeing, Mental Health and the Climate crisis.

View all posts by Alison Tsang

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