The Money and Pension Service has launched a new online tool to help people navigate their finances in the wake of the coronavirus. The Money Navigator tool, available on the Money Advice Service website, asks people a short series of questions about their financial situation, before providing guidance which is personalised according to their needs. It will highlight areas where they should consider taking action most urgently to avoid money problems later on.
As well as helping people who are looking for support in a specific area, the tool will also help those who might be in a better financial position due to COVID-19 and want to know what to do with any savings they may have built up. The Money Navigator tool is available at the following location: https://www.moneyadviceservice.org.uk/en/tools/money-navigator-tool