Budgeting for young people

As a young person, you may want to manage your own affairs and the money you've been given for your care so you can be more independent.

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When you can take over decisions that your parent/carer would usually make

  • You need to be over compulsory school age, which is at the end of the school year that you become 16.
  • Your right to make decisions could be affected by your mental capacity - for example, how well you would be able to manage your own money and budget.

Different types of budgets

How to manage your budget

  • You can ask your support work or, if you are still in full time education, your teacher to teach you how to manage a budget
  • There are several places you can go to for help on how to budget online - see:
    National Debt Line
    Step Change