#Newsround #iPlayer #costofliving #costoflivinginuk #special #uknews

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From the winter of 2022 until spring 2023, Newsround reporter Hayley Hassall followed four children through the toughest months of their lives as they dealt with the cost of living crisis. They describe in their own words how their families have been affected - coping with cold houses, less food and fewer treats and sometimes going without the things they need. Joe from Colchester visits a food bank with his mum and explains how he's been making hampers packed with food to help other families in need. Zoe from Glasgow helps cook and clean for her mum and granddad and shows how her school is helping families who struggle to buy uniforms. And Noah and Alia go to Blackpool Football Club which has opened a warm hub for families to get hot food and do their washing, so they can save money at home.

BBC Newsround followed four children to see how the Cost of Living Crisis has affected them. You can watch the full special on CBBC at 18:00 on 29.03.23 or on BBC iPlayer.

You may have heard words or phrases in the news like 'cost of living', 'the economy' and 'budget'.

On Thursday 17 November the government gave details of the Autumn statement, its plan on how to save, spend and get money.

It comes at a time when the country is facing a difficult situation with the economy, the cost of things is going up and people are unable to spend as much money as before.

Whether you're listening to adults talking about the situation or you're keeping updated via Newsround, you might be coming across a lot of new words or phrases that you haven't heard before.

So, here's some of the key terms and what they really mean.

Budget
A budget is a plan for how the government will save, spend and get money.

Your family or parents might have a budget - working out how much money you make, and then figuring out how much money is affordable to spend on things like food, bills or days out.

Governments also have budgets, but it's on a much larger scale. They can get money in a few different ways, but mostly it's from taxes. This is money paid to the government from adults or businesses.

The government's budget usually only takes place once a year, with sometimes an update if needed.

The cost of living is the amount of money that a person needs to buy food, clothing, heat their home or other basic things. At the moment the cost of living is going up, which means it's more difficult for some grown-ups to afford certain things.

Please visit www.bbc.co.uk/newsround/13865002 for tips about what to do if you are feeling sad about what you've seen, heard or read.

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