15 THINGS TEENAGERS SHOULD KNOW ABOUT MONEY

BY LISA SALMON MANAGING money is a vital skill all young people need to learn.

To help, YoungMoney, who provide information and training to teach young people how to deal with finances, have some tips to help parents teach teenagers about cash.

They have highlighted 15 key aspects of finance that secondary school pupils should be aware of: Understand financial paperwork Know the meaning of information on bank statements, payslips and utility bills and interpret it to plan and set a personal budget. Take charge of their own money That includes being able to alter their budget when necessary. Understand saving and borrowing Be able to identify situations where credit cards and loans are options. Resist pressure Understand how others may try to influence saving and spending and show how to resist pressure. Appreciate value for money Understand there are different ways to calculate value for money. Compare costs Be able to compare the cost and BY VICKY SHAW THE festivities are over for another year and right now, your bank balance may be looking worn-out after all the seasonal spending.

In fact, at this time of year, many people will be wondering how they’re going to stretch what’s left until their next payday.

But while it may feel like we’re doomed to repeat the same spending patterns year after year, it doesn’t have to be this way – 2019 could be the year when everything changes with you finances.

Here, Sarah Coles, personal finance analyst at Hargreaves Lansdown (hl.co.uk), suggests 10 steps to get your spending back on track... sho bu of pla tha bu ma pil ov wit rep me spe ha mo yea ma mo the