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Do you find it hard to talk about money? If so, you’re not alone. From guilt after spending, to the worry of unopened bills, money stress is something many of us carry quietly.

That’s why Financial Awareness Day matters. It’s not about fixing everything overnight. It’s about starting conversations and taking small, practical steps to feel more in control of your money.

What is Financial Awareness Day?

Every year on 14 August, Financial Awareness Day encourages people to take stock of their finances and build confidence when it comes to managing their money.

It’s about creating healthier habits, spotting when something isn’t working and knowing where to go for help. It’s about making money management part of your routine, not just something you think about when there’s a problem.

Most importantly, it’s about taking that first step. It’s whatever that looks like for you.

Debt isn’t just a financial issue. It can cause stress, anxiety and depression, especially when you’re dealing with overdue bills, rising interest or calls chasing you for payment.

You might feel nervous about checking your bank balance or start avoiding letters because it feels too much. This is nothing to be ashamed of.

Money worries are more common than you might think. A study by the mental health foundation found that one in three UK adults say money worries are their biggest source of anxiety. Sadly, stigma often stops us from talking about it.

Money stress can impact your self-esteem, relationships, work performance, sleep and general wellbeing. Too many people face this alone. Ignoring the problem rarely helps – but reaching out for support can give you back a sense of control.

Why people delay getting debt help

Many people wait to get support, even when things feel unmanageable. Common reasons include:

  • Believing they must fix it alone
  • Not knowing where to turn
  • Feeling embarrassed or ashamed
  • Hoping things will improve on their own

The longer debt is left, the harder it can feel. Taking that first step is often the toughest, but it can bring real relief.

What financial awareness looks like in practice

Financial awareness doesn’t mean having all the answers. It’s about building small, manageable habits that help you feel more in control.

Try these steps:

  • Track your spending – Know what’s coming in and going out.
  • Check your direct debits and subscriptions – Cancel what you don’t use.
  • Start a small emergency fund – Use round-up tools or saving pots to build it up gradually.
  • Plan for bigger costs – Birthdays, holidays, car repairs – they can be easier to manage when you’ve planned for them in advance.
  • Be honest about your struggles – Awareness is the first step to finding support.

Even if things feel stable now, these habits can prevent bigger issues later.

“I need debt help.” What does debt support look like?

If you’re worried about your finances, debt help is available.

The support we provide is tailored to your situation and might include a range of solutions and advice, depending on your individual circumstances.

We’ve put together a step-by-step guide to give you an idea of what happens when you contact us for support. You can view our guide here.

Remember, when you get in contact with us, there’s no pressure or judgement, just advice tailored to your situation.

It’s also a good time to check in with others

Financial Awareness Day isn’t just about personal action. It’s also a chance to look out for the people around you.

Money worries can often be easy to hide. A simple chat could be the thing that encourages somebody to seek help. You never know what someone’s going through.

You could say:

“I’ve been thinking more about my budget lately. Have you looked at yours recently?”

Or:

 “It feels like everything’s still so expensive lately. How are you finding things?”

These simple conversation starters could open a bigger conversation about money. It could also be the help someone needs to encourage them to get help. Often just knowing that support is available can make someone feel less alone.

One small step a day: The path to financial wellbeing

Whether you’re just worried about keeping up or you feel totally overwhelmed, you don’t have to tackle money worries on your own.

This Financial Awareness Day is a reminder to check on your finances as well as checking in on yourself.

Support is there whenever you need it. If debt is keeping you up at night, you’re not alone – and you don’t have to try and figure it all out by yourself.

Get debt help today

At PayPlan, we offer confidential debt advice that’s tailored to your situation. Whether you’re just starting to fall behind or you’re already dealing with court action, we’ll help you understand your options and take the next step forward.

There’s no judgment. Just friendly, practical support to help you get back on track.

    Call us free on 0800 813 1833, use Live Chat on payplan.com or fill out our form to connect with us on WhatsApp.

    However you’re feeling, we’re ready when you are.