The Personal Finance Society (PFS) has launched a “Your Money” section of its My Personal Finance Skills website as it extends its financial education programme.

The PFS said it was also looking for financial advisers to write articles for the new site on how adults can improve their financial resilience.

The new section of the website has a money health check tool to show individuals where their cash currently goes and encourages them to consider whether they could better manage their money.

It also offers a savings calculator, which identifies how much cash needs to be set aside to achieve a goal such as buying a home or paying for a wedding.

The site also contains information on how to avoid scams and explains when financial advice could be needed. It also explains how to find a financial adviser and what an individual needs to do to be prepared for a meeting with their new adviser.

Previously the PFS financial education programme had concentrated on young people and schools.

Keith Richards, chief executive of the PFS, said: “The FCA’s recent consumer survey on Financial Lives identified that the stark challenges facing more than half of adults, a general lack of financial resilience and vulnerability to scams. Improving personal finance skills either a little or a lot can make life changing differences and additionally raises the profile of professional advice.

“The responsibility for making money last a lifetime increasingly falls on the shoulders of individuals. Individuals take on the burden of risk in a way that they did not have to in the past when it was shared more with government and employers.

“Covid-19 has shone a light on how important it is to ensure adults are educated and empowered to take action to improve their own financial resilience. We hope this website will help adults gain the knowledge they need to be able to confidently rebuild their finances better in the years to come.”