Money
Managing Money
Managing money is not easy at the best of times. There are plenty of examples of people with lots of money losing out or throwing it away. But when you have very little money managing what you have becomes more important. It is a reality that the less money you have the closer you come to being in debt. Also changes in lifestyle may take you into debt; going to college, leaving home, losing your job or relationship breakdown.
Debt is covered in another section on its own. This section is about how to manage what you have. At the heart of it is the need to maximise your income and take care of your spending.
Maximising income includes taking a very careful look at benefits you receive - make sure you are getting everything you are entitled to. Watch what tax you pay too. You can find more on these issues in the section on benefits and tax.
- How is Income Tax deducted?
- How much Income Tax do you pay?
- Income Tax for students
- Self assessment
- Income Tax reliefs
- National Insurance
- Paying Income Tax
- Special Types of Tax
- VAT (Value Added Tax)
- Tax return enquiries
- TAX FAQs
Citizens Advice Superheroes
Money is the top worry for young adults, ahead of their health and the welfare of their families, according to a new poll commissioned by advice agencies Citizens Advice, Advice UK and Youth Access. The poll was conducted by GfK NOP poll of a representative sample of 2,000 adults aged 16 and over.
The report found that people aged under 24 are amongst the most likely to say that they need advice, but also the most likely to say that they put off dealing with the big worries in their lives.
Citizens Advice has launched a campaign for 16-24 year olds to encourage you to access advice services. The campaign includes an online game where you use a virtual ‘Citizens Advice Superhero’ to ‘bat away’ problems that come towards them. Play the game at http://www.removeyourworries.co.uk
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