From 1 April 2020, we will be applying rates of 15%, 25% and 35% EAR (variable) for arranged overdrafts based on a range of factors including your credit score. We explain why in this blog post. We’ve also built a calculator tool so you can check our new rates.
School prepares you for many aspects of the working world, but you may also notice some sizeable gaps in your knowledge. When I finished school, these included knowing what ’left’ and ’right’ meant in politics, how to put on a duvet cover without help and money management.
Start talking about money and asking questions
Getting savvy about money can help you save for what you want and may even give the confidence to start your own business one day. If you can, find someone you feel comfortable discussing money with, a parent or a sibling perhaps, and ask them about bills and budgets. There are also lots of easy to read and informative books out there: You’re Not Broke, You’re Pre-Rich by Emilie Bellet and Go Fund Yourself by Alice Tapper are my favourite practical guides. Or there are free websites such as Money Advice Service.