A Student’s guide to finances

Never has there been a more crucial time for students to require financial advice than today when statistics show that the average student debt has increased five times since 1994. Barclays Bank reports that student debt is currently at an average of £14,779 and more than likely to treble if the trend continues on its current path.

New money saving advice for students can be found at http://www.thriftyscot.co.uk/student-finance-guide/ This information would be beneficial to students of all ages reading it.

It covers everything from advice on budgeting (for rent, socialising, food etc.) to telling you which banks cater best for students with easy to follow tables showing any charges they may impose and also any perks or incentives on offer e.g. free railcards or travel insurance. Not only do they list the best deals on bank accounts, but also credit cards currently on offer and all the latest APRs and their benefits.

There is advice on part-time work, any tax implications and contact details for further advice.

As well as this extensive section devoted to students, when entering The Thrifty Scot site, you will find lots of information on all your financial needs regardless of age or status.