Managing your Money
If you need extra help, you could have a look at Funderfinder. This is a database of organisations that give money to help people in particular circumstances. You can use this at any of our main Connexions Centres.
Keeping in credit
To make sure you don’t run out of cash:
o Work out how much you earn each month.
o Draw up a budget showing all the things you spend your money on.
o If you are spending more than you have coming in, take action.
o If you need help working out your budget or talking through your financial situation, you can see a Connexions adviser.
Bank accounts
o Chances are you will need some kind of account if you start work, Apprenticeship or get an education maintenance allowance.
o There are two main types of account:
o Current Account - this is usually where your earnings will go and from where you take cash or write cheques to pay everyday bills.
o Savings Account - this is where you can save money.
o You can have telephone, web or branch accounts.
o Look around at what’s available and see what suits you best.
Other links
Wages, tax, national insurance
Money for young people needing additional support