Whether it is saving up for the computer game you want, getting a job, applying for a student loan or arranging a mortgage, money always seems to be on the mind. This section looks at the money issues affecting young people in Wales, how to make the most of your pounds and pennies and understand some of the processes with having credit cards, debit cards, loans and all the other financial options available.
Some young people get ‘pocket money' from their parents, guardians, grandparents or other relatives to help them buy things for themselves. This section looks at getting pocket money, whether to spend or save your pocket money and earning extra money for yourself.
Need 2 Know Information on starting to save your money
www.need2know.co.uk/money/savings
When you start working and earning an income (wage), there will be lots of things to think about in terms of your finances. You will be getting money in, but there will also be money going out.
As well as making sure you are getting paid fairly for the work you are doing, you need to allow for things like tax and national insurance, which will take money out of your pay cheque. This section covers all aspects of your money while you work.
Citizens Advice Bureau providing information on employment in Wales
www.adviceguide.org.uk
Department for Work and Pensions Information on working and pensions.
www.dwp.gov.uk
Inland Revenue targeted financial support.
www.hmrc.gov.uk
Budgeting is a good way of knowing how much you are going to spend each week, month or year so you can make sure you don't spend more than you can afford. Creating a budget means looking at how much money you have coming in (your income) and how much you are spending or expecting to spend (your out-goings).
This section looks at how you can budget and have more control over your own money.
Money, Money, Money information on budgeting your money.
money.citizenshipfoundation.org.uk
BBC Money information on saving money.
www.bbc.co.uk/dna
For further information, support and advocacy contact The Basement on 01495 233007 or email us at thebasement@caerphilly.gov.uk