So, you’ve graduated with your media-related degree and you’ve found a job. After three or four years of being permanently broke, you’re now in the money. How can you make that money work for you, help you to achieve your goals and stay out of the debt trap?
The first thing to do is to decide what your goals are. You might want to become debt-free by paying off your student loans, or reducing your overdraft. Or you might want to buy a car or a flat. Whatever it is you want, set yourself a goal and commit to it.
Boring, perhaps, but budgeting is the secret of making your money work for you. Your budget will let you know how much you can afford to pay to people you owe money and show you how much you can put aside to achieve your goals.