Budget, Job, Money and Youth A Guide to Overcoming Financial Stress
Making money, working, budgeting and spending: here are the helpful tips every young person needs to deal with their financial problems
Young people are most under financial stress. Budgeting, working, studying and making money now and in the future are always big worries. Now the pandemic has hit them hardest. Low wages, unemployment, lack of job security, savings in earnings, debt and precarious housing have multiplied these fears. And not knowing what to do in conditions of redundancy and isolation exacerbated stress and mental disorders.
So the need for new jobs, security and smarter budgeting and money management is more pressing than ever. That’s why The Big Issue launched our RORA Jobs and Training Toolkit. It has hundreds of thousands of jobs, free training courses, a weekly newsletter, and a free 3-month subscription to The Big Issue. Signing up here is easy and free.
As part of our Big Issue Financial Health campaign under the Experian United for Financial Health program, we work with partners and experts to provide tips and tools to help navigate the coming months.
Budgeting: deal with money
There are simple tips and tricks that anyone can use to get their finances in shape, using their credit score as a tool to get the best deals. And Experian has good advice on what to do if debt is stressing you during the coronavirus pandemic.
Our partners at The Mix can also provide many tips for young people between the ages of 13 and 25 to help them understand the basics of life. From homelessness to work, money to mental health and delicate personal issues, from breakups to drugs, they can help solve a wide variety of problems.
To help with money management and find the right advice during a pandemic, their money management center has a dedicated set of free tools. And a good place to start working on your financial health is The Mix’s online money management course, created with MyBnk. They can help you design a budget planner, find online budget calculators, and find tips for saving money.
Nick, head of education at MyBnk, gave detailed explanations to young people concerned about financial problems with tips on how to manage money during the pandemic:
Share experiences with other young people
And YouTube channel Living on 4.27 is also required to watch. It covers everything from real life, from how much a 19-year-old man should make to predicting your future income.
Whether you are looking to get your first job after college or are planning to buy your first home, there is it all. Plus, The Side Hustle Show inspires new ways to make money. In addition, young people in isolation share experiences, support and advice when watching check-in videos. They show that you are not alone and we can get through this together.
Job search: top tips
The big question also focused on supporting young people, with news and information on everything from apprenticeship to moving to work after apprenticeship.
There are free downloads to help you write and update your resume, as well as tips on how to get the most out of your interview when you get it.
Youth employment is especially precarious during a pandemic. So information about work entitlements is critical. Minimum wages, layoffs, what employers may or may not ask you to do – there is help.
These are difficult times for young people. But using tips like this on finding a job, budgeting, making money, sorting debt, and saving can help everyone gain confidence and plan for the future.