For the poorest people in society, buying food to feed the family can be a constant struggle. Money doesn’t go very far at supermarkets and it can be difficult to buy enough to last for everyone for the full week.
That’s why some people living on the breadline might be forced to turn to food banks, so they’ll be able to get enough food to feed their families. Back in June, thinkmoney put together an infographic showing how many people are using independent food banks across the UK and it seems that the numbers have been increasing at a worrying rate over the past few years.
To find out how much you’d need to feed a family, we’ve set a group of bloggers a challenge. We’ve given them all £30 each to go out and buy as much food as they can to fit into a hamper. They’ll then donate this food to a food bank, so people who are really in need can make the most of it. They’ll be able to get an insight into how much good quality food you can actually get for £30 and how hard it can be for the families who have to rely on these food banks.
Paying all of the bills, not just groceries, can be really difficult for people on a tight budget. When money comes in, you might not be sure which bill you should pay first and if you don’t keep track of what you’re spending it on, it can be all too easy for the money to just slip away.
An account like the thinkmoney Personal Account could help. It’s an alternative to high-street basic bank accounts. Unlike basic bank accounts it allows you to separate the money you need for important regular bills from the money you need for spending. This means you won’t accidentally spend money that was supposed to be kept for a vital bill – your financial commitments are put first. The account has a monthly fee, but it protects you from going overdrawn so there are no unexpected overdraft or returned item charges.