financial support for students

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don't let money worries get in your way 

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Are you worried about financial challenges?
 
Juggling studies, loans, and living expenses can leave you financially stretched. Unexpected costs can throw your budget off track, adding stress to your already busy life.
 
We understand the unique challenges you face. We've got your back with resources and support to help you manage your finances and build a secure future.
 
Get in touch today to find out how we can help you. 
 

why should you start a rainy day fund?

An emergency fund, or rainy day fund is exactly that - something that you can fall back on if you're faced with an unexpected bill or financial difficulty. Benefits include:

  • peace of mind, as knowing you have a safety net reduces stress and anxiety in case of unexpected expenses.
  • helps with financial security as it covers surprise costs like car repairs or appliance breakdowns without relying on high-interest debt.
  • prevents the need for payday loans or credit card advances with their high interest rates.
  • protects your savings goals from being derailed by unplanned events.

Read on to find out how to set one up.

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tips and resources 

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how and why to create a budget

Do you have a personal budget? This article features plenty of practical budgeting advice and some key benefits of budgeting, as well as five simple budgeting tips to help you get started.

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50-30-20 calculator

This 50-30-20 calculator splits your take-home monthly income into suggested spending in three areas: necessities, wants and savings.

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how to create a food budget in 2024

Healthy eating can get expensive but with the right planning it is achievable. Here, we share some practical tips to stretch your budget.

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cost of living support

If you're struggling to make ends meet during the cost-of-living crisis, our free and confidential services can help ease your money worries.

 

 

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your questions answered 

Who is eligible for support?

We support past and present members of the Institute of Chartered Accountants of England and Wales (ICAEW), ACA students, ICAEW staff members, and the family and carers of members and students. 

  1. No matter where your career takes you, past and present members of the Institute of Chartered Accountants of England Wales (ICAEW) are eligible for caba’s services for life, even if you change your career and leave accountancy 
  2. ACA students (ICAEW Provisional Members) who are either an active student or have been an active student within the last three years are eligible for caba's services 
  3. Past and present staff members of the ICAEW or caba are eligible for caba's services for life, even if you leave either organisation. Please note, for former employees, our financial support is only available to those who have had five years continuous employment with either organisation 
  4. Family members and carers of either an eligible past or present ICAEW member, ACA student or past or present employee of the ICAEW or caba are eligible for caba's support. We define a family member as a: 
    1. spouse, civil partner or cohabiting partner 
    2. widow, widower or surviving civil partner who has not remarried or cohabiting with a partner 
    3. divorced spouse or civil partner who has not remarried or cohabiting with a partner 
    4. child aged up to 25. Please note, children aged between 16 and 25 are not eligible for individual financial support 
    5. any other person who is dependent on the eligible individual supporting them financially or are reliant on the eligible individual’s care 
    6. any other person on whom the eligible individual is reliant, either financially or for care 

You can find out more about our available support both in the UK and around the world on our support we offer page and by using our interactive eligibility tool

Are your services means-tested?

If you need financial support, we carry out a means test where we consider income, expenditure, capital and assets.  

*Please note none of our other services are means-tested. 

I’m an accountant, but not a member of ICAEW, can you still help?

Unfortunately not. We only support past and present ICAEW members, their carers and their families. If we are unable to support you, where possible we will point you to help elsewhere.

caba has supported me in the past; can I receive support from caba again?

We understand that circumstances change. If we’ve helped you in the past there’s no reason why we can’t help you again. You can contact us at any time. Please call us if you need our help.

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