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Financial management during the cost of living crisis

This page is free to all

This page sets out what areas of financial management we'll explore. We'll look at how the cost of living crisis might impact your organisation's income and spending and share ideas of what you could do about it

Financial pressures during the cost of living crisis

The cost of living crisis might impact your organisation's finances. Use this page to learn about the key trends which may be impacting your income and spending.

Update your budget and cashflow

You should update your budget and cashflow to help you make the decisions needed during the cost of living crisis. Use this page to learn about:

  • basic information about budgeting
  • tips for updating your budget to respond to the cost of living crisis.

Understand and communicate your situation

After updating your budget and cash flow, make sure you and others understand how the cost of living crisis will affect your organisation. Use this page to learn about:

  • questions you can ask to understand your situation
  • tips for communicating this to others.

Practical ideas to reduce or change your spending

Many organisations will be looking at how they can reduce or change your spending. Use this page to learn about:

  • key questions to ask yourself before you decide on cost reductions and
  • practical ideas for reducing your spending.

Practical ideas to increase or change your income

There may be challenges to increasing your income during the cost of living crisis. Use this page to learn about:

  • key questions before investing in income generation
  • practical ideas for raising cash fast.

This page was last reviewed for accuracy on 30 October 2023

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