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From saving to buy yourself something new to applying for a student grant money is a friend and enemy in equal measures. If managed properly and with respect it can help you to do things you couldn't otherwise, but if handled in the wrong way it can leave you struggling and in debt.

You may already have a bank account and be wondering how best to save your money, or you might be looking to get your first paid job and wonder what the national minumum wage is. You might be entitled to income support or benefits and need advice on how best to apply for them.

Some people exist happily on very little cash, while others strive for material things that can only be gained through a healthy bank account. Whichever category you fall into, in this section you'll find all the information you'll need to make financial decisions as a young person.

Organisations

The Site - Money

information on how to manage your money

www.thesite.org/homelawandmoney/money
Need 2 Know - Money

provides a guide to money and finances

www.need2know.co.uk/money
Citizens Advice Bureau

provides information by the Financial Services Authority (FSA) specifically for young people

www.adviceguide.org.uk/wa .... y_and_consumer_rights.htm
Entitled To

provides a free calculator to help work out your entitlement to benefits and tax credits

www.entitledto.co.uk
What about money

provides information on a range of financial subjects

www.whataboutmoney.info/

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11 Comments – Post a comment

ship1

Commented 26 months ago - 22nd March 2010 - 12:14pm

i have no money left for booze :(

CLICryan

Commented 26 months ago - 23rd March 2010 - 10:39am

Just as well, ship1 - booze is bad for you (and illegal for anyone under 18)!

Read this:
http://www.youngnewport.co.uk/en/info/health/smoking-and-alcohol/alcohol/

cid

Commented 26 months ago - 23rd March 2010 - 11:45am

booze is alright as long as you enjoy it and dont do your liver in cause of stupid drinking

CLICryan

Commented 26 months ago - 24th March 2010 - 10:17am

Have a look at Drinkaware's Youth Strategy:
http://www.drinkaware.co.uk/talking-to-under-18s/professionals/youth-strategy

danielweeks

Commented 12 months ago - 24th May 2011 - 10:17am

you're all alcoholics and need to quit

Sam (Sub-Editor)

Commented 12 months ago - 24th May 2011 - 10:28am

There's quite a big difference between enjoying a drink occasionally and being an alcoholic. Obligatory links to alcohol section and Alcoholics Anonymous.

thechilledoutwelshman

Commented 10 months ago - 21st July 2011 - 20:56pm

Got to save money now as work has finished for the summer!!! :(

SynysterKatie

Commented 7 months ago - 27th September 2011 - 19:00pm

I wouldn't consider myself an alcoholic, but I do enjoy my drink! I'm sensible when I drink and whoever I'm drinking with I always take care of my other friends around me...
In my opinion, it's okay to drink but not obsessive drinking or drinking because of silly reasons such as heart break, loss of a friend/family member etc. because you will probably end up doing something stupid...

All in all, as long as your taking care and drinking sensibly! :)

PS3Girl

Commented 3 months ago - 8th February 2012 - 15:55pm

Just wondering is there anything on how 14 year olds can earn money because i just had a baby sister so we are tight on money, and i hardly get any except when its my birthday and christmas which is near the end of the year. I would like to have a little job or something to earn money as there are things i want to get and want to save up for. I have been looking around for a job but just can find anything anywhere for someone my age. Can anyone help me or give any advice.

Sam (Sub-Editor)

Commented 3 months ago - 8th February 2012 - 16:09pm

@PS3Girl, I'm not sure off the top of my head apart from babysitting and paper rounds but if you give Meic a buzz/visit they might have some useful info for you...

http://www.meiccymru.org/
Freephone: 080880 23456
Text: 84001