Money management
How to improve your financial health
Develop your money-management skills with our easy-to-follow guides on budgeting, saving, planning for the future and handling debt.
How to plan your next steps
If you’ve been made redundant, had to take early retirement or your contract hasn’t been renewed, we’ve got some tips to help you.
The impact of coronavirus (COVID-19) has meant this has happened to many people recently.
Losing your job can be very stressful. As well as affecting your finances, it can have an impact on your mental and physical health. It could make you feel sad, angry, confused or anxious, at intervals or at the same time. So it’s a good idea to make sure you have someone to talk to, whether it’s a close friend, family member or a professional. Your GP could refer you to a counsellor or if you don’t want to join a waiting list, you could go private – you can search the Counselling Directory for a list of counsellors in your area.
When you’re stressed, looking after yourself can seem a chore, but eating well, getting enough sleep and exercising can all help improve your mood. Mental Health UK has other ways to help keep your mental health in check and you’ll find support and information on our mental health pages.
If you’ve been made redundant, you may be feeling overwhelmed, especially if you haven’t been given enough information. If your company has a trade union or employee representative, they could give you some advice. You can also read about your rights on the government’s site.
When your income changes, it’s a good idea to assess your finances so you have a clear understanding of how much money you’ll need and whether your savings or redundancy package will cover this.
Then look at creating a budget – you’ll find easy-to-follow guides on our money management pages. Taking control of your finances and putting a spending plan in place could help you feel less anxious and give you a clear idea of what you might need to do next. If you’re concerned about your finances, our money worries pages could help.
If you’re planning to look for a job straight away, you might be eligible for Job Seeker’s Allowance (JSA). You can get it while you're out of work, or if you're working less than 16 hours a week. Visit the government’s site to find out how it works.
If you lost your job because of the coronavirus situation, take a look at our dedicated coronavirus pages – you’ll find ways to help you manage your money during this difficult time.
If you want to find a new job, refreshing your CV is the first place to start. Your CV is your personal advert so it’s important to showcase your talents in the best way possible. This LifeSkills article has some handy tips to make yours shine. Make sure your LinkedIn profile is up to date and you’ve connected to people you’ve worked with in the past – the people you know can often lead you to your next role.
When it comes to job hunting, it can be difficult to know where to start. Before you begin, create a plan. Have a think about the industries that interest you. It could be an area you’re familiar with or one you’ve always wanted to work in but never had the chance to.
Once you’ve got a list of industries, think about roles that suit your skillset and the hours you’d like to work – the clearer your goals, the easier it will be to find the right job.
Next, make a list of the places to search. Here are some to get you started but it’s important to find ones which are specific to your industry.
Job sites
Job sites let you narrow your search by filling in your exact requirements. You can upload your CV so recruiters can find you and set up bespoke alerts that let you know when a suitable job is added.
Recruitment agencies
Recruitment agencies are a great way to find a job, especially if you find it hard to sell yourself. Search the web for agencies that specialise in your field and once you’ve compiled a list, check out their job boards. Agency fees are usually covered by the employer but it’s a good idea to check beforehand so you don’t have an unexpected bill to pay.
Social media
Online networking can be a useful way to find a job. LinkedIn or The Dots both let you make connections, build relationships, join discussions and search for jobs.
Newspapers and magazines
Check the vacancy section of your local newspaper and industry trade magazines.
Company websites
Think about companies you’d like to work for. You can either check their website for vacancies or contact them directly and ask if they have any suitable vacancies.
Once you’ve got your job goals and places to search written down, you’ll need to plan how you’ll search. Treat your search like a full-time job and structure your time with daily goals. It’s a good idea to save your jobs in one place, noting down the deadline for applications.
Apply for jobs
Once you’ve got a list of jobs you think you’re suitable for, start applying. Make sure you write a personalised cover letter that clearly outlines why you’re the right person for the job, giving examples of how your skills match the job description. Once it’s finished, ask someone to check it for tone, spelling and grammar errors.
If you’ve got an interview, the employer already thinks you have the right skills for the job. An interview is an opportunity for you to talk about your skills in more detail and find out more about the job and the company. If you find interviews daunting, here are some tips that could help
Good luck! Remember, if you need more information on work and wellness, there are lots of articles and videos on our LifeSkills pages.
Help is always at hand. As soon as you think you might have some financial difficulties, give us a call – it could help make things better.
Have some information about your financial situation ready, before you call, including your income and outgoings. You might be talking for a while – we’ll want to understand your situation in detail, so make sure you set aside some time.
Mortgages – 0333 202 7492 Monday to Thursday, 8am to 8pm, Friday, 8am to 7pm and Saturday, 9am to 4pm
Barclaycard – 0800 051 8346 Monday to Friday 8am to 9pm, Saturday and Sunday 9am to 9pm
Overdraft and Barclayloan – 0333 202 7412 Monday to Thursday, 8am to 8pm, Friday, 8am to 7pm and Saturday, 9am to 4pm
Self-employed or have a business?Get some support
If you’ve missed a payment on your Barclayloan, overdraft or Barclaycard, you might be able to pay it using the Barclays app1, – or give us a call.
Overdrafts and Barclayloan – 0345 703 4034 Monday to Thursday, 8am to 8pm, Friday, 8am to 7pm and Saturday, 9am to 4pm
For a mortgage or Barclaycard, please call the relevant number in the section above.
How to improve your financial health
Develop your money-management skills with our easy-to-follow guides on budgeting, saving, planning for the future and handling debt.
Worried about your finances? Our practical advice can help you tackle money troubles, improve your financial habits and find the support you need.