Newcastle Routes : : General Finance Advice :

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I need advice on managing my money - who can help me?

In the links section you will find a number of useful websites with hints and tips on money management.

How can I work out my budget?

You need to work out how much money you get each week (earnings) and then see what essentials (such as transport)you have to spend your money on (outgoings). Then you should be able to see what you have left over for non-essential things like going out. To help you work this out you can use this Money Made Clear budget calculator.

How do I open a bank account?

You will need to decide which bank you would like to join first of all and then discuss opening an account with them. You will usually need to be able to prove who you are, where you live and complete a form. If you need an account as you have started work or training and are having problems opening one, please speak to your Connexions Adviser. The Direct.gov site also has some useful information on opening and running bank accounts.

Is there any financial help I can get if I go to 6th form?

16 to 19 bursary schemes are being introduced in place of the Education Maintenance Allowance (EMA).

If you are starting Year 12, 13 or 14 at a Newcastle school in September 2011, you might be entitled to a bursary of up to £15 per week to help with costs during term time.

If you would like more information about the scheme and information about how to apply go to Newcastle City Council 16-19 School Bursary Scheme.

Is there any financial help I can get if I go to Newcastle College?

Due to the Government's withdrawal of Education Maintenance Allowance (EMA), Newcastle College has created a new fund, Newcastle College Maintenance Allowance (NCMA), that will help you with the costs associated with studying.

NCMA is available to 16-18 year-old full-time FE students starting from September 2011, who would have previously been eligible for the full Education Maintenance Allowance (EMA), which equalled £30 per week.

If you would like more information about the scheme and information about how to apply go to Newcastle College's NCMA page.

Connexions Direct - Money

Look at answers to the most popular questions asked about money and support.

Direct.gov.uk - Money to learn

See at a glance what financial support is available to young people for learning post-16.

Need2know - How to manage your money

Find out how to save and borrow sensibly

The Site - Money, home and the law

Check out things you might not know about debt, taxes and benefits.

Connexions Tyne and Wear - Money

General advice on what you might be entitled to.

Connexions Tyne and Wear - Money