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With A-Level results, GCSE results and the new school term coming up, we’ve been thinking about the lessons we didn’t learn in school.

Yep, I think we can all agree that money wasn’t a huge part of our education. So we took to social media to ask our customers what they’d teach their younger self about money. Here are the results.


One thing kept popping up and that was saving. Nearly 30% of our Facebook commenters wished they’d saved more when they were younger.

Julia's tip - save little and often

Julia’s tip of saving little and often is a good way to start – even if you’re only popping a couple of coins in a jar a couple of times a week, it soon adds up.

Emma's tip - learn to save

If like Emma you wish you’d learned to save when you were younger, we’ve got plenty of tips to help you. Earlier in 2019 we found a way to save £100 a month with five simple swaps. Put that £100 in your piggy bank every month and in a year’s time you’ll have £1200!

Start a pension young

Retirement’s probably not at the forefront of many school leavers’ minds, but according to our customers it’s worth starting a pension early.

Kevin wishes he'd started a pension at 16 so he could retire early

While we’ve not done the maths to put Kevin’s theory to the test, he’s right that it’s never too early to start planning for the future. Over the course of 40+ years, a bit of cash stashed away each week could amount to a decent sum.

It’s never too late to start saving either. You might not build up the same amount as if you started earlier, but having a rainy day fund is always useful.

Budget well and spend carefully

Seeing as we aim to simplify budgeting and help you manage your finances, we loved that so many people shared budgeting tips.

Never spend more than you can afford and don't buy things you don't need

Only spending what you can afford was a common piece of advice, as was avoiding impulse buys and non-essential spending.

Use money for household bills and what's left over either save or spend

If you’re a budgeting novice or you’ve struggled to budget before, listen to Martin. His tip of prioritising bills, rent and other important payments sums up how to budget well. It’s also very similar to how the thinkmoney Current Account works – we’ll keep money aside for your bills and the rest goes on your debit card for spending.

Limit borrowing

Quite a few of our customers wanted to warn their younger selves against taking out credit cards and loans.

Damian says don't get credit cards or a bank loan

Emma's tip is to save enough so you don't need to borrow

Though borrowing isn’t a bad thing as long as you manage it well. If you make your repayments on or before they’re due you’ll probably be fine. Plus, having some experience of borrowing could improve your credit score and open up better deals on things like mortgages.

Buy property

Despite things looking pretty bleak for young people buying their first home, Colin thinks it’s worth it.

Colin recommends buying a house so you don't need to pay rent

And if buying a house is one of your financial goals, Trevor recommends the best way to do that is to save as much as you can.

Trevor says save everything you can for a house deposit

Saving for a house is a long process, so read our guide to changing your money habits for help getting into the saving routine.

The weird and wonderful

As well as all the insightful tips, we just had to share some of the funny ones too…

Stephen wants to know the lottery numbers

Greg recommends not getting married

Adrian wants to go out partying

And those who wish they’d found us earlier…

Trudie thanks thinkmoney for helping her get her money sorted

So if like Trudie you want help getting your money sorted, you’re 5 minutes away from opening a thinkmoney Current Account.

Once you’ve got an account, we’ll split your money into what you need for bills and what’s available to spend. So you don’t need to worry about paying bills on time, and you’ll only spend what you can afford.

If you’ve got more money advice for your younger self, share your tips with us on Facebook and Twitter!

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