Do you need more tips for managing your daily finances? Are some bills overdue? Or are your finances already in a mess? We have compiled tips on how to balance your personal finances. We have also put together checklists for students, employed individuals, and job seekers.
Housing Coordinator Markku Merivirta reminds that Setlementtiasunnot can, if necessary, create payment plans with residents for rent debt.
Merivirta suggests that when planning your finances, you should always account for unexpected expenses, such as illness, doctor’s visits, and medication costs. If there are important dates approaching, for example, for dealing with Kela, they should always be marked in your calendar.
“Unfortunately, it is also often the case that when some expenses need to be reduced due to other outgoings, rent is often ‘borrowed’ from, which jeopardizes basic security, i.e., a warm home.”
Tips for managing your finances
When the goal is better budgeting
- It is advisable to create a savings plan for larger purchases.
- With the Penno tool, managing your personal finances is simpler. Just enter your daily expenses and income, and Penno will show your financial situation at a glance.
When some bills are already overdue
- Agree on a due date with the biller or create a payment plan.
- Always take care of essential basic expenses first, such as rent and electricity bills.
When your finances are in a mess
- Debt Line and Ask about Money chat
- Income Support
- Municipal financial and debt counseling
- Social credit
- Personal debt adjustment
- If you cannot afford to pay your debts
Student
- Check that you have received all possible support for studying and housing.
- Watch the video on how to apply for study and housing benefits.
Employed
- Is your tax card up to date?
- Are you aware of all tax deductions?
- Are you a recent graduate who has started working? If you have received student financial aid in the same year you earn salary income, it is advisable to check your annual income limit.
Job seeker
- If you become unemployed or your studies end and you do not have a job, register immediately as an unemployed job seeker on the TE Services website or by phone. After that, you can apply for unemployment benefits from either an unemployment fund or Kela.
- Kela unemployment benefit
- TE Services
- Youth Guarantee
The information has been compiled from the Setlementtiliitto’s Mun talous (My Finances) activity website. Read more: muntalous.fi
