Two UK charities are teaming up to offer young people advice on how to manage their money.
Citizens Advice and YouthNet will give 16 to 25-year-olds help handling their finances through the internet, mobile phones and podcasts.
The initiative aims to help young people with basic budgeting skills, as well as teach them the meaning of commonly used financial terms.
Financial advice specially tailored to meet young people’s needs will be displayed on YouthNet’s website, while 30 factsheets will be created for people to view on their mobile phones.
Audio versions of the advice will also be available for people to download and listen to on MP3 players.
The two charities, which are currently carrying out research to find out on what issues young people want and need to receive information, estimate their project could reach up to 500,000 people.
Targeted information arising out of the research will be available on the website later this year.
You can also find out more information on saving for young people in Which? Money.