The financial wellbeing challenge
Unfortunately, many people think of budgeting as depriving themselves and they avoid it like they do a diet. Budgeting is a proactive approach, rather than a reactive approach, to managing your money. This challenge will help individuals to budget better.
How does it work
The challenge is to accumulate “weekly budget points” over 4 weeks. Each week, participants collect one ‘budget point’ for each habit followed. “Bonus points” are scored for completing major tasks such as completing a budget planner.
The challenge is linked to the advice and support offered from the Money Advisory Service.
This challenge does not provide an Information Pack and Activity Plan to all participants. The advoce given by the Money Advisory Service is comprehensive and we see no need to duplicate it.
There are also a wide variety of apps available in the marketplace to help participants. We do not wish to replicate these apps -as our challenge programme is based on behaviour change not providing endless content.