Debt is a big problem in construction. Many workers struggle with late wages, high bills, and job insecurity. Debt Awareness Week, 17th-21st March, aimed to let you know that if you’re in debt, you’re not alone—and help is available.​


Why Debt is a Big Issue in Construction

Lots of Construction Workers Struggle with Money:

• Wages are often late or change from month to month.
• Many workers rely on credit cards or loans to get by.
• Construction businesses are going bust more than ever—which means job losses.
• The cost of living is rising—bills, rent, and food are more expensive.

​Debt can be stressful. It can make you lose sleep, feel anxious, or struggle with your mental health. But there is support available.


Importance of Financial Literacy

Financial literacy refers to the knowledge and skills needed to make informed and effective financial decisions. It empowers individuals to budget effectively, save for the future, and avoid falling into debt traps. By improving financial literacy, individuals can build a strong financial foundation, protect themselves from financial hardship, and achieve their long-term goals.
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Signs That Debt Might Be a Problem for You

​🚩 You are using credit cards, loans, or overdrafts to buy everyday things.
🚩 You are avoiding checking your bank balance.
🚩 You have missed payments on bills or rent.
🚩 You are getting letters from banks, lenders, or bailiffs.
🚩 You borrow money to pay off other debts.
🚩 You feel stressed, worried, or stuck because of debt.

If this sounds like you, don’t ignore it--help is out there.
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Steps to Take Control of Your Debt

1. Work Out Your Budget

• List all sources of income (wages, benefits, side jobs).
• Write down all your expenses (rent, bills, food, travel).
• See if there are any areas where you can cut back on spending.

A free budget planner can help: MoneyHelper Budget Planner

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2. Prioritise Your Debts
Some debts are more urgent than others. Focus on paying these first:

• Rent or mortgage – Keeping a roof over your head is most important.
• Council tax / Local Property Tax – These must be paid to avoid legal action.
• Utility bills – Gas, electricity, and water should not be ignored.
• High-interest loans or credit cards – The longer you leave them, the worse they can get.

If you are struggling, contact your lender. Many will offer a payment plan or pause interest while you get back on track.

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3. Get Free Debt Advice
There are free and confidential services to help you with debt.

Debt Help in the UK

• StepChange – Free advice and payment plans.
• Citizens Advice – Legal and financial support.
• National Debtline – 24/7 debt help.

Debt Help in Ireland

• MABS – Money Advice & Budgeting Service – Expert guidance on managing debt.
• Citizens Information – Advice on financial rights and support.

4. See If You Can Get Extra Support

• ​Energy bill support – Contact your supplier to check if you qualify for assistance.
• Government benefits – You may be entitled to financial help.

Visit our Wellbeing Academy to expand your knowledge of personal finance:

Bang on Budget - Income, Outgoings, Priorities, Credit and Savings

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Controlling Credit - Credit Score, Credit Records, Credit Limit and Interest Rates

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Tackling Debt - Principal Debt, Interest, Debt Ratio and Default

Click here

​We know that reaching out for the right advice or knowing where to start can be overwhelming, particularly when it comes to money problems. So if you're struggling to cope or just want to chat things through you can reach us in a number of ways

Click on the images below to find out more about all the free support services available to you.

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