Young people have a wide range of options available to them when it comes to planning for their financial future.
That is according to Keith Churchouse, director of Chapters Financial Planning, who believes there are a variety of resources out there for minors to use to help them gain a stronger understanding of their personal finance needs and obligations.
For instance, the expert cited the presence of websites such as Money Saving Advice, which have been created specifically to help younger Britons sort out their budgeting.
Recently, research by the Skipton Building Society revealed that almost half of all Britons feel the impact of the global economic downturn is forcing people to remain as teenagers in monetary terms until they are well into their 20s.
And Mr Churchouse explained that while it is widely acknowledged to be tough for younger generations to plan ahead, they can still find helpful information online to aid them in doing so.