“I don’t have many outgoings as I live at home with my parents who cover my food and phone bills, but I pay for my own entertainment and clothes. I got a car for my birthday in February and so now I also have driving lessons, road tax and insurance to pay for. My parents paid the insurance annually so I could get a cheaper rate, and I pay them back monthly which costs me £80. It’s a small car, so the road tax is only £20 a year.
Generally, my aim is to end the month with more money than I started with. I’m on a zero-hours contract as a part-time sales assistant at a sportswear shop – the job started as a Christmas temp position but after that they offered me regular hours around my A-Levels. I earn £5.35 an hour, plus commission on certain sales. I have some savings from family inheritance and presents, but I try not to touch that money – it’s for the future. I’ve also recently found out that I have a Child Trust Fund which I’ll get access to when I’m 18.”