Starting out.

When you’ve just left school or university, you make mostly short-term financial decisions. 

Once you’ve gained your financial independence and started to develop a career, you can begin planning for the future.

Without many financial responsibilities and no mortgage to pay, you may find yourself with some disposable income with which you can kick-start your saving.

Your finances

• Identify some savings goals and decide on a way to save.  There are many savings options available to you.  An ISA can offer an easy, tax-efficient way for you to save
• Learn about debt, savings and planning your money with our fun and interactive Cash Family Challenges.
• Repay any student loans / debt and adopt a sensible borrowing strategy.
• Take out a pension plan for the long term.  Use our retirement planner to help get you started.  
• Find out how you feel about risk.  Our attitude to risk tool can help you identify what type of pension fund(s) might suit you. 
• If you already have a group pension with Legal & General, register or log in to manage your account to monitor your savings.

Key events

• 18th and 21st birthdays. You may be lucky enough to receive financial gifts from relatives or the proceeds of a trust.
• Your first job. It’s great to be able to spend but a good idea to start saving too.
  
• Leaving home. There’s the rent, a deposit, bills, insurance, and living costs to pay for.
  
• Redundancy. If you lose your job, you’ll need savings to fall back on.