Top 10 money tips for graduates and school leavers starting work
dailyrecord.co.ukThousands of school leavers and graduates will be entering the workforce after the summer, with many new students set to take on part-time roles outside of college or university hours.
For many, this will be their first first into the world of work and it may seem a bit daunting.They will be faced with trying to get to grips with payslips, income tax, tax codes, National Insurance, pension auto-enrolment and repaying student loans.
Jonathan Watts-Lay, Director, WEALTH at work says this can be an exciting time for young people, but urges them to understand the basics of budgeting as soon as they get their first payslip.”He continued: “It is important that young people are taught about budgeting, savings and responsible borrowing so they take control of their finances.
Anyone starting a new job should speak to their employer to find out what benefits are available and sign up if they are offering financial education.
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