Don’t feel money-confident as a young adult? Here’s how to get more from your finances
Don’t feel money-confident as a young adult? Here’s how to get more from your finances
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Everyone knows you need plenty of knowledge and understanding to navigate the world, and nowhere is this more important than on the issue of personal finances. Getting clued up on money means developing the confidence required to make the most of your future earnings, no matter what comes your way!.
Developing good money habits is especially important at that exciting stage of your teens and early twenties when you move towards living independently, taking on new challenges like renting your own flat or getting your first full-time job. After all, before you get money, you need to ‘get’ money.
That’s the message behind ‘Get’ Money, a financial education campaign from HSBC UK which this week focuses on helping young adults stay on top of their finances and plan for the future. In this handy guide, we’ll touch on some of the key building blocks of financial literacy, from managing your household budget and negotiating the world of work to smart spending and borrowing.
You may already have a current account, but there are many more miles to go on the road to financial independence. Are you clued up on how to look for the best interest rates? Are you making sure you have an emergency savings pot tucked away somewhere?.
And if you do have that financial safety net, do you know how you’d go about investing? And what kind of investing is right for you? While riskier investments can yield a higher return, there’s always the possibility you’ll lose it all and should therefore only part with what you can afford to say goodbye to.
