If you’re struggling with debt or keeping up with payments, you’re not alone, and there’s no shame in looking for help. We have a range of support and practical tips that could help.
We understand that not everyone feels supported by high-street banks. That’s why we offer practical, judgement-free solutions designed for people often left out of the banking system, including those with poor credit history or new to the UK.
In this guide, we’ll share practical tips to help you cope with money worries, manage your finances, and explore how Suits Me can help you feel more secure and reassured.
What Do We Mean By Money Worries?
Money worries refer to the stress or anxiety people feel when they’re struggling to meet financial demands. This can include worrying about paying bills, managing debt, or covering day-to-day expenses. Common triggers include unexpected costs, job loss, rising living costs, or simply not earning enough to cover basic needs. Recognising these worries is the first step toward managing them. You’re in the right place.
How Money Worries Impact Your Life
We understand that money worries don’t just stay in your bank account – they spill out into every part of your life. When you’re constantly stressed about how you’re going to make payments and buy the essentials, it takes a toll both emotionally and practically.
Emotional Effects
- Anxiety and stress can leave you feeling overwhelmed or constantly on edge.
- Sleepless nights spent worrying about how to make ends meet.
- Mental health strain, including feelings of hopelessness or low self-esteem.
Practical Effects
- Missed bills or late payments, leading to late fees or penalties.
- Mounting debt from borrowing, overdrafts, or payday loans.
- Relying on family or friends for financial support, which can strain relationships.
- Falling behind financially, making it hard to save, invest, or plan for the future.
The good news? There are steps you can take to reduce these pressures and get a handle on things.
7 Practical Ways To Deal With Money Worries
- Make a Budget You Can Stick To
Start by writing down your income and essential expenses (like rent, bills and food). This helps you see where your money goes and identify areas to cut back even in small ways.
- Prioritise Your Bills and Expenses
If you can’t cover everything, focus on the most important bills first, like rent or mortgage, utilities like gas, electricity and water, and food. You can then contact other creditors – they may be able to offer temporary help or payment plans.
- Look for Small Savings
Check for subscriptions you don’t use, switch to a cheaper phone, internet or energy plans, or plan budget-friendly meals. Even small changes can add up over time.
- Avoid Payday Loans and High-Interest Borrowing
Payday loans and high-interest credit can trap you in a cycle of debt. If you’re struggling, speak to a free debt advice service (see below) for borrowing more.
- Seek Free Financial Advice
Organisations like StepChange, MoneyHelper, and Citizens Advice offer free, confidential help.
- Talk to Someone You Trust
Sharing your worries with a trusted friend or family member can help reduce feelings of isolation or shame.
- Consider Switching to a Suits Me Account
A Suits Me banking account helps you manage your money without the risk of overdraft fees or credit checks. You can only spend what you load onto the card, making it easier to stick to your budget and avoid debt.
How Suits Me Can Help You Manage Your Money
We believe banking should be accessible to everyone, no matter your credit history, background, or circumstances. Our account gives you control and confidence over your finances without the stress of unexpected fees.
You can only spend what’s loaded onto your card, meaning:
- No overdraft fees
- No surprise interest charges
- Just straightforward, easy-to-manage money
Our easy-to-use mobile app lets you:
- Stay on top of your balance by checking it anytime you need to.
- Make faster payments.
- Receive instant notifications when money comes in or goes out.
Your security is our top priority. We use advanced technology to keep your personal data and account details safe, to give you peace of mind.
Plus, you can load money onto your card at any local PayPoint store. Learn more about Suits Me’s account and how to sign up here.
How can we help?
Our award-winning customer support will help you find a way forward, in your language and on your terms. Get in touch – call us on 03330 151 858 or email hello@suitsmecard.com. (Calls to 03330 151 858 cost your standard network rate.)
Where to Get More Help
If you’re feeling overwhelmed by money worries, you don’t have to face them alone. Here are some trusted organisations offering free advice and support:
- StepChange Debt Charity
- MoneyHelper
- Citizens Advice
- National Debtline
- Mind (for mental health support)
Money worries can feel overwhelming, but small, practical changes can make a big difference. At Suits Me, we’re here to help you get back on track, one step at a time.
FAQs
What should I do if I can’t pay my bills?
Prioritise essential payments like rent, mortgage, and utilities. Then, contact other creditors to explain your situation – many offer help or flexible plans.
Is it normal to feel anxious about money?
Yes – financial stress is common, and you’re not alone. The important thing is to seek support and take small steps to regain control.
How can a prepaid account help me manage money?
With a Suits Me account, you can only spend what you load onto the card. This helps you stick to a budget, avoid overdraft fees, and manage your finances more confidently.
