Online money help for young
Article Category: Debt Management Help and Advice
Citizens Advice and Youthnet are linking up to try to provide money advice to 16 to 25-year-olds.
The information, which will be of benefit to anyone finding it difficult to get to grips with financial matters or already struggling with debt, will be available via online content, pod casts, audio content and mobile phones.
Between both charities, they hope to reach up to 500,000 young people.
The initiative is being funded by a £300,000 grant from the HBOS Foundation.
Janet Roberts, grants manager at HBOS Foundation, commented: "Citizens Advice has proven expertise in complex personal finance and legal matters but is not known by young people as a service ‘for them’.
"YouthNet is expert in communicating with young people, and trusted by the thousands of young people who visit TheSite.org every day."
Recent research shows that only 12 per cent of young people who reported a problem said they would like free advice with would consider going to a Citizens Advice Bureau for help, whereas one young person visits YouthNet’s TheSite.org every six seconds.
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