Finances a concern for poor families in Scotland

Families in poverty are suffering from their financial situation in many ways.

09:18 26 June 2013

Scotland’s disparity is growing between the rich and the poor according to a recent news article. Reportedly more attention is being given to the needs of those in poverty.

When we have difficulty with our finances, it’s easy to feel helpless, and while there are many times we cannot affect our situation there may be resources available to help change that situation.

Here are a few ideas to help you if you’re facing some financial difficulties.

• Expenses—when the finances get tight, it’s important to take a look at your monthly expenses and find out if there are any you can do without. You may need some creative solutions when you cut back, but perhaps you will be able to make some concessions that will give you some wiggle room in your finances.

 

• Resources—if you didn’t find enough wiggle room to get much done when you examined your expenses, do some investigating into the resources you might have available to you. A few phone calls could give you some good news and help you envision a path to changing your finances.

 

• Talents—often times we don’t have an accurate picture of the scope of our talents and skills, and we tend to underestimate them. If you talk to your friends and family about ways you could capitalize on your skills, you may hear some positive information about your skills that could help you determine additional ways to supplement your finances.

 

• Employment—if you are employed, you might be able to negotiate a better wage, or seek employment with another employer who could offer either a better wage, or some other improved benefit that would help your finances, such as contributing to your pension pot, and giving bonuses for good performance.