Money365

26/08/2026

Energy bills are set to rise again. Starting 1 October, Ofgem’s price cap will increase from £1,663 to £1,723 a year for a typical household that pays by direct debit.

There is some slighty better news though. The Government will cut VAT on electricity bills from 5% to 0% for six months starting 1st October. This will save the average household about £45 a year. Your supplier will apply this automatically, so you do not need to do anything.

Still, prices are expected to keep rising and stay high.

Many people do not realise that the price cap is not a fixed bill. It sets the highest unit rate your supplier can charge. If you use more energy than average, you will pay more than the cap amount.

That is why it is a good idea to look at fixed-rate deals now. A fixed tariff locks in your unit rate for the length of the deal, so you are protected if the cap goes up again in January 2027. Fixed deals are often cheaper than the current cap, and switching is free. You do not have to wait for your current deal to end (check on the exit fee with your current energy provider if you have more than 49 days remaining on your current fixed tariff)

You can quickly compare deals on Uswitch or MoneySuperMarket.

If rising energy costs are making your money worries worse, you do not have to deal with it alone. Our advisers can help you review your situation for free and without any pressure.

Call us at 01482 427654 or visit money365.uk to get in touch.

01/08/2026

Did you know children aged 5 to 15 can travel free on buses across England from today until the 31st August?

If you have children, this is one of those benefits that can make a real difference to the weekly budget. No need to factor in bus fares every time they need to get around.

Small savings add up, and every pound counts when you're managing on a tight income, especially during the summer holidays.

If you'd like a hand making the most of your money, our advice is free. Just give us a call on 01482 427654 or visit money365.uk

17/07/2026

Earlier this week, we had the pleasure of visiting Broadacre Primary School in Hull.

We had some really good conversations with Year 6 students about budgeting, debt, and how they can help their families during the summer holidays, like not always asking for everything they see. These conversations were important, and the groups were fantastic.

Thank you to the teachers at Broadacre for being so welcoming and giving us the chance to have honest, open discussions.

If you’d like us to run money education sessions at your school or community group in Hull from September, please get in touch.

Contact us at [email protected] or visit money365.uk to learn more.

15/07/2026

Buy Now Pay Later is now regulated in the UK, a step in the right direction. But for anyone already struggling with BNPL agreements piling up with other debts, today's rule change does not ease that pressure.

One person told the BBC this week: "It didn't feel like debt. It felt like convenience. Before you know it, it's thousands."

That is something we hear all the time at Money365.

If you are managing multiple BNPL plans, credit cards, or loans and things feel unmanageable, please reach out. Our debt advice is free, confidential, and face-to-face. We are based in Hull and here for you.

Call us on 01482 427654 or visit money365.uk

03/07/2026

This week, we had the pleasure of visiting Bude Park Primary School in Bransholme, Hull, to work with some fantastic Year 5 and Year 6 pupils.

We talked about needs vs wants, worked through real-life money choices, and watched young people make budgeting decisions that most adults find genuinely difficult.

Financial education at this age is not just about numbers on a page. It is about giving children the words to talk about money at home, the confidence to ask questions, and the understanding that the choices we make every day have real consequences for us and for those around us.

When a child comes home from school and asks their parents/carers why they chose one thing over another, or talks about saving up for something they want instead of expecting it right away, that conversation spreads. This is how money habits change across a family, not just for one person.

A huge thank you to everyone at Bude Park Primary School for making us feel so welcome.

If you would like to find out more about bringing money education sessions to your school or community group, get in touch. We work with primary and secondary schools across Hull and East Yorkshire, and our services are always free.

21/06/2026

Five years 🎂

We started five years ago with a clear purpose: to give people in Hull and East Yorkshire free debt advice and the financial skills to build a better future.

We are proud of what our community has accomplished together. Since we started, we have helped people manage more than £1.3 million in debt and increased their income. That means real money back in people’s pockets and real relief for families.

To every client who has come to us for help, thank you for trusting us.

To our supporters, funders, volunteers, and partners, both past and present: your belief in our work has kept us going, and we are truly grateful.

Five years down. Here's to the next five.

The Money365 Team

01/06/2026

A New Chapter Begins

Today, CAP (Christians Against Poverty) and CMA (Community Money Advice) officially join forces to form the CAP Group.

Two organisations. One shared mission. Helping the most vulnerable people find their way out of debt and financial hardship.

Stronger Together.

Christians Against Poverty (CAP) and Community Money Advice (CMA) are uniting as a group to form the UK’s largest specialist community-based debt advice…

14/05/2026

We are back with our latest Money365 Roadshow, this time at the Community Shop in North Bransholme.

Money365 Roadshow
Thursday 21st May, 12pm to 2pm
Community Shop, North Bransholme, Hull

Drop in, no appointment needed. Completely free.

On the day we can help with:
- Maximising your income
- Budget planning
- Free mobile SIM cards
- Debt review
- And more

If money is a worry right now, come and talk to us. No forms, no fuss. Just a friendly conversation with people who want to help.

[email protected] | 01482 427654 | money365.uk

13/05/2026

This Mental Health Awareness Week, we want to highlight something rarely discussed: debt and mental health are closely linked and affect each other.

Debt causes stress, shame, and sleepless nights. It can make people feel isolated and out of control. But mental health struggles also make debt harder to manage. When you are not coping, opening letters feels impossible, bills get missed, and things spiral out of control.

The numbers tell the same story. According to the Money and Mental Health Policy Institute, people experiencing problem debt are three times more likely to have a mental health condition. Nearly half of people experiencing problem debt, 46 per cent, are also living with a mental health condition. And the average debt among people with mental health conditions seeking support stands at around £1,800.

None of this is a personal failing. It is a cycle, a cycle that can be broken, and you deserve to break it.

Take the first step, reach out to a debt charity today. You do not have to carry it alone.

[email protected] | 01482 427654 | money365.uk

12/05/2026

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