Budget management
Not understanding your own financial situation and being unwise with money can lead to worries and problematic debt. Our financial coach will help you gain insight and address the problems.
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On this page, you will find additional information regarding our services. If you still have questions after reading the available information, please feel free to contact us. We will be happy to help you!
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What is budget management?
Budget management is a Zuyd Group service. It involves an experienced budget manager helping people who are able to live independently but feel comfortable having someone else manage their finances. This may be because they have difficulty keeping track of their spending or because they just want to be sure that everything is well organised. The budget manager takes over the care of the finances, makes a plan for how best to spend the money and makes sure bills are paid on time. This gives peace of mind and security. In addition, this service offers the chance to learn how to handle money better, which may enable you to manage your finances yourself again in the future. It is a nice support for those who need it.
Budget management is usually temporary, but can also be permanent
In most cases, budget management is a free choice. It may also be mandated by your local council for example because:
- You receive welfare benefits
- You are in a debt relief process
If a client is less self-reliant and there is:
- Problematic debts
- A mental or physical disability
It is then necessary to hand over finances, budget management is not enough. Administration must then be applied for.
Frequently asked questions
How long does guardianship last?
Guardianship lasts as long as it is needed. Every five years, the need to continue it is reviewed. An official form is then filled in to renew the guardianship. Sometimes the guardianship can stop earlier. The administrator, together with the client, can submit a request to the court to stop the guardianship.
What does guardianship cost?
The cost of guardianship is set annually by the court. Check here for debt relief fees. In certain cases, clients are eligible for reimbursement of these costs by the municipality. We apply for this reimbursement for our clients.
How much living allowance will I get?
This is different for each client. Before the guardianship starts, we make a budget plan together. This plan is tailor-made. In this way, income and expenses become clear. It also makes clear how much living expenses remain.