BBC Radio 4's Money Box
Saturday, 28th July 2012 at 1204 BST on Radio 4 and Online
Ruth Alexander writes - while Paul Lewis puts his feet up over the summer -
This Saturdays Money Box is a special edition: a guide to money for young people.
What is the main financial issue you face - I asked four young men in their early twenties in south London this week. Money, they said, and how to get more of it.
What surprised me was their aversion to debt. They did not have credit cards, loans, store cards, nothing. There was no way they were going to get into that kind of trap, they said.
But with this caution are they actually taking a risk? Sure, you want to avoid getting black marks on your credit record, but if you want to be able to rent a flat, take out a phone contract or get car loan, it helps if you have built a credit history.
ON THE PROGRAMME at 1204 BST, we will be finding out how to:
1. DRAW UP A BUDGET
Financial education charity MyBnks Hannah Jones will have a guide on how to distinguish between a want and a need.
2. BORROW RESPONSIBLY
National Debtlines Lynne Jones will be in the studio to offer advice on how to use credit sensibly, and what to do if you have got in over your head.
3. SAFEGUARD YOUR CREDIT RECORD
Credit reference agency Experians James Jones will outline how to get a good credit score, and how to avoid a low score. If you share bills with your housemates, James warns against common credit-record-wrecking pitfalls. He will give advice on how to check your record, and how to challenge a bad mark against your name.
4. AVOID SHOCK MOBILE BILLS
Dominic Baliszewski from comparison site Broadbandchoices.co.uk will have tips on the best budget mobile phone options, and on how to use your mobile at home and abroad without racking up huge charges.
5. RENT A HOME
Your relationship with your landlord is crucial. The Evening Standards Accidental Landlord, Victoria Whitlock, writes an open letter to tenants, telling them the secrets on how to keep your landlord on side.
And Shelters head of campaigns Antonia Bance offers advice on what rights tenants have, and how to exercise them.
If you have any question about personal finance for 18-25 year olds email firstname.lastname@example.org now.
If you know someone who might benefit from the advice, you can send them the Money Box download which will be available here after the programme: