Money

MONEY

Pocket MoneyWhilst you are in care you will get pocket money every week until you are 18.

Your carer may give you some of your pocket money weekly or may give it to you when you need it. This will be written into your Care Plan.

You carer will encourage you to save some of your pocket money every week.

If you are living with your parents they will choose whether they will give you pocket money and how much.

If you are in supported accommodation when you are 16 or 17 you will be paid a personal allowance to pay for your food, clothes and social activities etc. This will be detailed in your Care Plan or Pathway Plan.

 

Savings

When you leave care you will have savings that have been made for you as well as any savings you may have made form your pocket money.

Wic2It is good to save either for something you really want – such as a games console, something you want to do – such as going somewhere special or savings for your future. Whilst you are in care your carer should have:-

  • Opened a savings account for you
  • Saved weekly for you.
  • Supported you in learning how to manage your money
  • Talk to you about savings. Including encouraging you to save out of your pocket money. You may want to put this into your bank account or into a piggy bank or jam jar. Remember it is good to save.

Your social worker and IRO will make sure that savings are made for you whilst you are in care and that you know how much savings you have.

Once you have been in for more than a year Children’s Services will also make some long term savings for when you are grown up which you will get when you are 18.

 

Alc1Once you have been in for more than a year Children’s Services will also have made long term savings for you. You will get access to these when you are 18 years old. When you are grown up which you will get when you are 18.

Your long term savings will either be invested in a Junior ISA or Child Trust Fund. These are accounts where your money will be kept until you are 18. You cannot access this money before you are 18.

Just before you are 18 your social worker will discuss how you can access this money once you are 18.

REMEMBER you do not have to access these accounts as soon as you are 18, you may just want to get some of this money or you may want to carry on making savings yourself.

 

 

Managing my money

Managing your money is important because if helps you:-

  • Get into the habit of saving regularly. It is amazing how quickly even a small amount each week can add up. 
  • Buy or doing something special you would not normally be able to afford.
  • Learn to make the best decisions you can about your money.
  • Prepare you for when you are an adult and are living independently.

Whilst you are in care you need to know how to manage your money. This is important because when you leave care you will be responsible for paying your rent and household bills such as electricity, council tax, television licence, buying food and clothes. As for all of us, when you first start living on your own you usually have limited money and lots of things to spend it on.

 

 

Clothing Money

 

Wic3Whilst you are in care your carer will get money to make sure you have the clothes you need for:-

  • College / work
  • Home / going out
  • Activities you may take part in

They will also make sure you have certain clothes if you need to practice your religion or faith.

As you get older you may be responsible for buying some, or all, of your clothes. If this is agreed it will be written into your Care Plan. This is one way you can learn how to manage money. If you do start being responsible for your clothing make sure you have enough of all the things you need for when you leave care. This should include underwear, a coat, appropriate footwear and daytime clothes for work and home.

Remember

 

Whilst you are in care if you have special or favourite clothes you want to keep to remind you of something special let your carer know and they will be kept for you.

Leaving Care

When you leave care to live independently, or with support, you should have enough clothing to last you for the first year.

If you have been responsible for your clothing money before leaving care you need to make sure you have enough of all the things you need for when you leave care. This should include underwear, a coat, appropriate footwear and daytime clothes for work and home.

If you find you do not have enough clothing, or it is unlikely to last you, speak to your social worker or PA.

 

Alc2

When you leave care to live independently, or with support, you should have enough clothing to last you for the first year.

If you have been responsible for your clothing money before leaving care you need to make sure you have enough of all the things you need for when you leave care. This should include underwear, a coat, appropriate footwear and daytime clothes for work and home.

If you find you do not have enough clothing, or it is unlikely to last you, speak to your social worker or PA.

 

 

Trips and Holidays

 

Wic1Whilst you are in care you should have the chance to go on holidays and on college trips. Your carers will get some money to pay for holidays and trips. Like any family the types of holidays and where you go will depend on what the carer usually does and your situation.

If you do not get to go on college trips or on holidays you have the right to ask why. You may want to talk to your carer first about this or your social worker.

If you are living with your parents it is up to your parents to pay for college and holidays.

Alc3

 

When you have left care you will be responsible for paying for your holidays. If you are at college or university and there is an important trip you need to do you may be able to get support form the Education Funding Panel.

 

 

 

debt

Try to avoid it by budgeting carefully and saving if you can …but if you do get into debt get help as soon as possible.

Even if you do budget your money there may be times when you have an unexpected bill or something else happens that means you can’t pay the bills.

 

 

not-get-finance-support

Sometimes we may not provide you with the support you feel you need or we may not agree to provide you with a particular service or funding you have requested.

There may be a number of reasons for this so it is important you understand the reasons for you not getting the support you feel you need.

Your social worker or PA should :-

• Record any decision not to provide you with a service or funding and the reasons why.

• Tell you about the reasons for this decision (and give you details of the complaints and appeals process if you would like this).

If you are unhappy about a decision, you need to firstly try to talk to your PA before making a complaint as they may be able to help you understand more about why this decision has been made or why the support is not available. If you decide you want to make a complaint, you may want to have an Advocate to support you in making the complaint.

Other young people who may be eligible for support are those have been in care, or been subject to a Special Guardianship Order, Residence Order, or from another local authority, may also qualify for advice and assistance from us.

For more information ask your social worker or PA, or contact the Duty Social Worker

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