Managing your finances during the festive season | Tenant news

As the festive season approaches, we understand that many of our tenants are preparing for Christmas, a time of celebration and togetherness. However, with the extra costs that come with the holiday, it’s also important to plan carefully, especially when it comes to managing your rent, bills, and household expenses. 

To help you stay on top of things, we’ve put together some useful advice and answers to common questions many tenants have in the run-up to Christmas.

Should I prioritise rent during Christmas?

Yes! Paying your rent on time is essential and must be prioritised over any festive spending. Missing rent payments can lead to arrears, which may affect your housing situation in the long term. While it’s tempting to spend on presents or celebrations, it’s important to remember that your home security comes first.

Here’s how you can manage:

• Set a Christmas budget: Allocate enough for rent, utilities, and essential expenses first. Then see what’s left for Christmas-related costs.

• Avoid unnecessary debt: It may be tempting to use credit cards or loans to fund festive.

What should I do if I am struggling to pay my rent?

If you’re facing difficulties paying your rent, please don’t wait. Contact our Rent Assist Team  as soon as possible on 0300 365 3100 option 5. We are here to help and can work with you to explore options like:

•  Flexible payment arrangements: In some cases, we may be able to offer temporary solutions, such as spreading out payments or adjusting the timing of payments.

• Access to financial support: We can point you towards local organisations, charities, and welfare schemes that may offer financial assistance to those in need.

Remember, the earlier you let us know, the more we can help.

Are there any grants or financial help available?

Yes, there are several grant and financial help options available that you might be eligible for:

• Warm home discount: This provides a one-off discount on electricity bills for eligible households, including some pensioners and those on low incomes. Check with your energy supplier.

• Local welfare assistance: Many councils offer support through grants or vouchers for families and individuals struggling to cover essential costs.

• Charitable help: Some charities provide support for families at Christmas, including food hampers or assistance with utility bills.

If you need help finding the right support, feel free to contact us, and we’ll guide you through the options available.

How can I avoid a ‘financial hangover’ in the New Year?

Overspending at Christmas can lead to financial stress in the New Year. To avoid this:

• Stick to your budget: It’s easy to get carried away, but staying within your budget will save you from financial headaches later.

• Plan for January bills: Make sure you’ve set aside enough money to cover essential costs like rent, utilities, and food when the New Year begins.

• Use leftover money wisely: If you find you’ve spent less than expected, consider putting any extra money towards your bills or savings.

What support Is available from Habinteg?

We are committed to supporting our tenants throughout the festive season and beyond. Here’s how we can help:

• Financial advice: We can offer advice or signpost you to organisations that can assist with budgeting, managing debt, or accessing grants.

• Rent support: If you’re facing temporary financial difficulties, let us know, and we’ll work with you to explore solutions.

By prioritising your rent, budgeting wisely, and seeking help if needed, you can enjoy the festive season without financial stress. If you have any concerns or need support, please don’t hesitate to get in touch with us.

We’re here to help! If you need assistance or have any questions, contact the Rent Assist Team on 0300 365 3100 option 5.