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Talking money with young people in Scotland

Talking money with young people in Scotland

Are you under 26 and living in Scotland? Then we want to talk to you this Talk Money Week.

Lots of the young people we work with at Young Scot have told us how money worries are affecting their lives.

Young people and finance

What’s clear from our work is that you are aware of the issues around money and finance, and know you should be planning for your futures. However, lots of you don’t know where to find the right information or lack the confidence to act.

For others, the COVID-19 pandemic and our recovery from it, is negatively impacting your job prospects and increasing your worries on this issue – and this is making it hard for you to take positive, proactive steps.

Our #LockdownLowdown survey in partnership with the Scottish Youth Parliament and YouthLink Scotland highlighted what you’re worried about in relation to the pandemic.

Over 2,500 of you took part, and money and finances were one of your biggest concerns. 

  • Over 80% said you were concerned about your employment situation, 

  • 70% said you were worried about your finances, and 

  • Over 60% don’t know how to access information about financial support.

We know that many of you are now likely to be living on a lower income, facing lots of uncertainty whether studying, in work, or looking after loved ones. 

A big part of feeling better about money worries is not keeping them a secret, talking with people you can trust without feeling like you’re being judged or asking a silly question.

And that’s where we can help. If you’re looking for jargon-free information that deals with the money issues that you’re facing now, our Money and Me website is a great place to start. 

If you need support to get you through the pandemic, you can find online guides, including How to look after your finances during coronavirus.

There are also general guides on the money matters that are important to you, including budgeting, saving, debt, avoiding scams, managing loans and credit and claiming benefits.

You can also find #MoneyAndMe cash chats – a series of webinars with guidance and tips from the experts showing you how to make the right money decisions. 

And if you need to talk to someone one-to-one, there are contacts for people too.

Young Scot National Entitlement Card

Also, we’re not just able to help you with information about your finances – we can help you to save money too. Make sure you sign up for the Young Scot National Entitlement Card – it’s free for anyone aged 11-26-years-old living in Scotland. You can use it for money off the things you love, exclusive Rewards, proof of age and much more. 

Louise Macdonald OBE, Chief Executive, Young Scot

Young Scot is the national youth information and citizenship charity for 11-26-year-olds in Scotland.

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