Never too late to take control of your finances

Millennials and Gen Zs can follow a different path from their parents, finance expert Charlotte Jessop reveals

- Charlotte Jessop

Overspent at Christmas? Credit card bill through the roof? It's time to regain control of your finances - yet Gen Z and millennials may have to take a different path from their parents.

So says Charlotte Jessop, personal finance educator, social media star, blogger and author, who has aimed her new guide, The Modern Money Manifesto, at younger generations who are having trouble navigating their finances.

Many feel they have no chance of getting on the property ladder, can't see an end to university debt or the high cost of living and live in a world of work where opportunities of high-flying careers seem to be diminishing.

Jessop, now 37, saved like mad as a maths teacher and managed to buy her first house with her (now ex) husband in Norfolk before she hit 30 but found that things had to change when she had children (now aged nine and seven).

She started a blog, Looking After Your Pennies, which chronicled her financial learning as she began to look at her finances differently.

She now has a thriving YouTube channel, nearly 19,000 followers on her Instagram account and a TikTok page. Here she offers millennials and Gen Zs some timely tips on regaining control of their finances...

MANAGE DEBT THROUGH DIFFERENT STRATEGIES

"A lot of people have debt in multiple places. It might be on credit cards and a loan. If you're looking to get out of that debt, recognise how much that debt is and the interest rate you are paying on that and then follow some strategies."

DEBT SNOWBALL