In the hustle and bustle of the hospitality industry, we’re no strangers to the late nights and the constant hum of chatter. But there’s one conversation that often gets lost amid the clink of glasses and the chime of the till: the talk about money.
This Talk Money Week, let’s bring that conversation to the forefront.
Money Talks in Hospitality: Opening Up the Conversation
Financial well-being is as crucial as a well-stocked bar or a perfectly timed service. Yet, for too long, money matters have been a source of stress rather than open discussion. We understand the unique financial challenges faced by those in licensed hospitality – fluctuating tips, variable shifts, and the ever-present uncertainty of seasonal work.
Tools for Financial Health
We’ve partnered with Nudge, is an invaluable tool that empowers individuals to take control of their financial health. We encourage all members of the licensed trade community to sign up for Nudge using our dedicated link. By doing so, you gain access to a wide range of benefits that can positively impact your financial well-being. Nudge provides personalised, actionable financial guidance based on your specific circumstances and goals. It offers insights and suggestions to help you make informed decisions. Nudge also offers a wealth of educational resources and articles to help you build your financial literacy. Whether you’re looking to save, invest, or reduce debt, Nudge has you covered.
Creating a Supportive Environment
Perhaps most importantly, we want to create an environment where talking about money isn’t taboo. Whether you have concerns about your financial situation, or you want to enquire about a financial grant, give us a call on 0808 801 0550.
Here is how we supported Emily:
Emily, a mum of 3 came to the Licensed Trade Charity during the fall out from her separation from her husband. Her husband had been physically, mentally and financially abusive towards her, and had racked up sizable debts in her name. Understandably, Emily was desperate to keep the house, to secure the future of her children. However, her wages would not cover her family’s expenses for the month and she was frequently overdrawn. Eventually, she was put on statutory sick pay, while she was on leave for her mental health, receiving a small amount of universal credit. With bills mounting, Emily was struggling to keep her family stocked with household essentials such as clothing. Thankfully, the LTC could help. After a short consultation, to fully understand the root of Emily’s struggles, the LTC paid off her mortgage arrears, provided a one-off hardship grant of £500 and educational grants of £300 per child for each of her 3 children so the family could get back on their feet. The charity also connected Emily with specialists at Shelter to help her resolve the issue surrounding her joint mortgage with her ex-husband. Together, we can turn financial whispers into conversations that resonate through every level of the hospitality industry.