Starting a pension plan as early as possible is extremely beneficial, and you will certainly thank yourself later in life. You are never too young to start thinking about your long term money plans. As you leave education and begin working, your employer will talk to you about a pension scheme, and will discuss with you about how much you wish to contribute. Pension contributions are done in percentages and you can begin with the minimum amount or start at a higher contribution and reassess how you are managing with current finances. Your pension contribution amount can be changed at any time, but it is always to keep your percentage as high as you can manage, as this will benefit you once you retire. Many young people put their pension...
If you find yourself sitting in an overdraft every month, with your monthly pay not helping after rent and other outgoings come in to play. There are options to help manage your overdraft and avoid those high interest rates and fees you might be being charged each month. Bank loan- Taking out a bank loan may help take you out of your overdraft and provide you with manageable monthly payments. You should be able to arrange a meeting with your bank to discuss how you can manage your money and begin a saving plan. Money Transfer credit card- This could be an option to help you get out of your overdraft, however, you must check that the credit card offers 0% transfer rates and time frames that these offers apply...
