Spending money is the easy part, but learning how to save can be a really easy as well if you have the right tools. From drawing up a budget to speaking to someone such as a parent or guardian about handling money it’s great to get some advice. If you have a part time job, this is a good time to start organising your spending early so that you can save for awesome things like travelling or that car you have been eyeing up.

Some good things to consider when you think about money includes debt, saving and banking. For example, credit cards can be very useful, but they can also cause a lot of stress. You may decide you would rather just keep a Visa or Mastercard debit card so that you don’t have to worry about paying off money you might not have. It's also important to be familiar with the details and charges of your bank (some charge a lot more than others, and we’re still not really sure what these charges are for) and be aware of how you can maximise your savings by using the most suitable account. Considering debt it’s worth carefully reading any contracts before you sign for them, including your phone contract.

HELP debt can be one of the kinds of debt people worry about, and it is worth considering. However, most financial advisors will tell you this is the best kind of debt to have, as it is for something that will (hopefully) enable you to make money, doesn’t charge high interest, and won’t come out of your funds until you earn above a certain amount. Most of the time by then you’ll barely notice it!

Watch this video on how ‘How to Money’:

FYA - How to Money

For advice on managing your money, click here:

Youth Central - Managing money

How do I budget my money? Click below:

Youth Central - Budgeting

Lodging a tax return? Here’s a check list:

FYA - How to lodge a tax return

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