A poll of 1,000 18-25-year-olds found money worries were widespread. Young adults are spending a large chunk of their time feeling anxious or under pressure.
Young adults wanted to budget. They need more information about savings accounts.
Here’s a video of 16 to 25 year olds sharing their thoughts about money:
In October we published budgeting tips using the 50/30/20 rule.
Recapping, 50% of your budget should pay for your needs – the kind of things you can’t do without. Like rent, bills, food and transport. 30% of your money should go towards ‘wants’. This is non-essential shopping like sweets, holidays and outings. The remaining 20% is for plans, especially saving.
We’ve produced an infographic to help you budget better, shown below.
Why not kick off now? Here’s a budget planner to get you started:
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