Fact sheet helps promote financial wellbeing
South Wales Police Federation members can get free financial wellbeing and debt advice through a new factsheet.
Police Mutual provides financial services and welfare support to the police service, and offers help and support for Federation members trying to manage their money.
It has produced its Let’s Talk Debt factsheet to help members improve their financial wellbeing.
The guide includes tips on budgeting, saving and reviewing outgoings such as insurances and mortgages to see where reductions can be made.
It also includes advice on debt, including the difference between priority debts and non-priority debts, understanding your credit score and on borrowing money. The factsheet can signpost to organisations that can provide support.
South Wales Police Federation chair Steve Treharne said: “We know from our recent pay and morale survey that many of our members are finding it tough financially at the moment.
“More than four out of five said they were worse off than five years ago and 17 per cent said they never or almost never had enough money to cover their essentials.
“And while we’re doing everything we can to fight for them to improve their pay and conditions, free advice like this Police Mutual factsheet can be invaluable in helping them to manage their money and to make the most of it.
“If you’re concerned about debt, there’s nothing wrong with asking for help. Our reps can help you access advice and support.”