Week 33

Across the country it is Money Week. This is a chance to think about the money you have available and how you can budget/spend.

With the current cost of living crisis that is affecting households across the UK, this week we want our students to think about how they manage their money. We can all do a bit extra to look at how we budget the money we have access to.

Access the budget calculator from the Prince's Trust by clicking on the image below to see how you could improve managing your finances.

Three key facts to know about this money week:

1. The cost of unleaded and diesel has reached record highs at forecourts. Did you know that 17% of the pence per litre is VAT (Value Added Tax).

The below infographic provides a breakdown of how the cost at the pump is made from.

2. In May 2022 HM Land Registry reported that the average house price for first-time buyers in Great Britain was £231,704 in March 2022, an annual increase of 8.9% and a monthly change of 0.2%.

3. DN Colleges Group has collaborated with Virgin Money to provide short informative videos about money. You can find these on the PDBA page or click the Virgin Money icon to view the content