My account

Sign in

Sign in

New user? Register now

Compare and save money on your gas & electricity bills

Debt advice centre

Home | About uSwitch.com | Contact us | Site map

Debt advice for 18 to 30 year olds

Dos and don’ts for the 18 to 30s

Start with the right attitude and controlling your expenditure will become second nature.

Dos and don’ts

Debt advice centre

Here are ten dos and don’ts to get you thinking about your finances.

Dos

Do prioritise your spending
Do take note of where your money goes
Do switch to cheaper suppliers and providers
Do look at ways you can save money
Do save for short and long term expenses
Do understand the costs of living away from your parents
Do work out your budget
Do know your rights and responsibilities when renting
Do make sure you’re paying the right amount of tax
Do try and keep a balance in your life and spending. Resting is just as important as partying!

Don'ts

Don't ignore debt
Don't move out before you can afford it
Don't wait until you are breaking up to discuss money issues with your partner
Don't be afraid to ask for help
Don't underestimate your living expenses
Don't let money worries affect health and fitness
Don't waste away your money on alcohol, drugs, gambling or uncontrollable shopping
Don't wait until you’re 60 before thinking about your pension
Don't underestimate the cost of having children
Don't become blinded by stress

Back to top | Debt advice centre

Insider's guides

Illustration of a piggy bank wrapped in bandages

Our in-depth guide to credit reports

Read this guide

RESOURCES

Further reading

Living the high life

Financial considerations

How does debt start?

Moving on up