Money Savvy

What is Money Savvy?

Impact Report 2013 – 2017

Citizens Advice Southwark received funding from the Big Lottery to provide support around money issues for Southwark Council tenants and Housing Association tenants living in Southwark. The tenants mainly targeted were:

  • New tenants
  • Young tenants under 25
  • Tenants who may have recently lost their jobs and are looking for work.

Over the 5 years of the project the CAB and partner agencies reached 34,000 Housing Association and Council Tenants, living in Southwark. People were helped with issues such as:

  • Knowing where to get specialist help if they have debt, benefit or housing problems
  • Advice on in-work benefits, and budgeting for things like travel and childcare if they are looking for a job
  • Prioritising bills, particularly rent payments
  • The true cost of high-cost credit such as pay day loans and borrowing from doorstep lenders
  • How to save money on fuel and other bills

We delivered support in group workshops at community venues. The sessions were fun and interactive with quizzes and other activities.

Financial Capability Conference 2017

Throughout the 5 years of the project, Money Savvy Southwark used the Test, Learn and Adapt approach to change content and delivery of the project to best meet the needs of beneficiaries and partners and to respond to ongoing changes in  welfare reform.

During Financial Capability week in November 2017, an event was held to celebrate the achievements of MoneySavvy and up-date members of the Central and East London Financial Capability Forum; Southwark Financial Inclusion Forum; partners of Citizens Advice Southwark; and frontline workers whose work involves financial capability, on the outcomes of the project.

We were very fortunate to be joined on the day by a number of speakers – Jenny Williams, one of the original Programme Evaluators, delivered a presentation on the learning that had been achieved across all of the IFC projects (of which Money Savvy was one of 37).

Other guest speakers at the event were:  Christy McAleese from national Citizens Advice, who gave a presentation entitled ‘FinTech and FinCap – what are the risks and opportunities for our clients?’; Eugene Nixon from London Borough of Southwark, who gave a presentation and overview of the recently commissioned report titled ‘Safe as Houses – the Impact of Universal Credit on rent arrears’; and Frances Burton, a Financial Capability Trainer, who led an interactive quiz and presentation on ‘Building Financial Capability – What Works?’

Copies of presentations below:

Building financial capability – what works
Improving Financial Confidence- Ecorys
Universal Credit Full Service- Southwark Council
Risks and Opportunities- Citizens Advice Southwark

Please contact Lou Boyd, Director of Development & Strategic Support – for more details.