Finances

Knowing how to manage your money is an essential part of becoming interdependent. 

We recognize how difficult this is and will help you learn how to do this.  Your personal advisor, support worker or carer can help you access all benefits, student loans and bursaries available to you.  Milton Keynes may also offer additional financial support where needed as set out in the care leavers finance policy.

Our aim is to support you to learn how to be financially independent. This includes being able to manage your money, understanding how to budget well, borrowing money safely, student loans and identity fraud.

We work closely with a work coach in Milton Keynes from the DWP.  She can offer advice and guidance as well as a drop in session should you require it.

Here is a copy of our Finance Policy

Care Experienced Young People's Financial Policy

Care Experienced Young People's Financial Policy (plain text) 

Having a good financial understanding will hopefully ensure you have the skills to manage your money independently.

‘Young Money Matters’ is a helpful guide to assisting young people manage and understand their money. 

Our help includes: 

  • Providing a leaving care grant to help you buy essential things when moving into your own home, up to £3,000. 
  • Giving you exemptions on paying Council Tax. Providing or telling you about relevant money management courses. 
  • Information on how to access your Junior ISA, if you have one (a fund of money set aside by the government and the council). 
  • Support to open a bank account. We will consider requests for financial support to access training and work opportunities as detailed in the care leavers financial policy. 
  • We have a good relationship with many community groups offering services such as food bank, community fridges and larders. If you find yourself in need of accessing these services, then we can support you in doing this. 
  • Providing a financial gift at birthdays and Christmas or other celebrations up to the age of 21. We offer support with budgeting and understanding your financial responsibilities.