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Is passing the driving test a realistic possibility for young people? Or an unaffordable dream? Ask them, and you will get an opinion. That may be a hunch and may be right. But it is not hard to come up with an accurate total estimate. This might challenge some initial assumptions, and perhaps begin a [...] Here is a handy way of exploring some of the misunderstandings that young people may have about housing benefit. It is especially useful for anyone who thinks that if you are on benefits or a low income you can just apply for housing benefit and your rent will be paid. It’s the first-ever youthmoney video [...] Budget week is a good time to explore some of the basics about tax, particularly personal tax allowance. Take time, because it is complicated, and some young people get confused. Here’s how one young man got hold of the wrong end of the personal allowance stick. He’d just got a job and told a youth [...] “You can’t solve money problems with money.” That’s a typically challenging statement from coach and trainer Neil Almond. He is the motive force behind Money Mastery courses, delivered to hundreds of youth professionals over the past few years. His argument is that an emergency loan or pay rise may seem like an answer to a [...] “Alcohol can get you through a time of no money better than money will get you through a time of no alcohol.” That’s an old saying, to trigger discussion. It is irresponsible, possibly dangerous and funny only to a certain sense of humour. Still, it is a provocative way to explore what young people really [...] Sticking to a budget in the supermarket is the latest mini-booklet of top tips from charity Credit Action. There is familiar advice, such as not to shop when hungry and to avoid impulse buying. It also focuses well on combating the ways supermarkets encourage shoppers to spend more. “Look high and low—the most profitable stock [...] What happens if a teenager gets complete control of a monthly budget? There’s a thoughtful and entertaining article relating journalist Chris Wheal and his son’s bold experiment in this morning’s Independent. ‘Money? You’re on your own, Son’ is part knockabout – with endless digs at perceived teenage failings. But it’s packed with sound, practical experiential [...] Do young people understand their payslips? It would be amazing if they did. A lot of adults, even those who’ve been working for years, confess there are elements they’ve never bothered to find out about. They just glance at the bottom of the note – how much they get at the end of month. A [...] Refused credit? The charity Credit Action estimates that 25,250 applications for consumer credit are turned down every day. Many of those refused will be young people who have not been able to build up a good credit rating. Yet most will want to borrow money at some point – for a major purchase or to [...] |
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