Are you a YUFTIE?

Recession, credit crunch, tough economic climate... it seems you can’t switch on your TV, or open a magazine without someone telling you how depressing the financial situation has become for everyone, especially if you are a young person.

Doors have been closed, purse strings have been tightened, and the apologies of “we’re recovering from a recession” resonates the eardrums of young people like the baseline of a Pendulum song.

But it seems these tough times have actually had a positive impact on some young Scots after new research released by Barclays has brought light to a new type of young person, the YUFTIEs. YUFTIEs are “Young Ultra Forward-Thinking Savers”, a new generational trend of responsible, ambitious, cash-conscious 20-somethings who are saving almost a fifth of their monthly income for specific life goals.

YUFTIEs are ahead of previous generations in achieving their life goals and are urging their fellow 20-somethings to follow their lead. But what exactly does it take to become a part of the YUFTIE elite?

There is vast range of different services that can help you on your path to “YUFTuality” and it can be difficult to sieve out exactly what is on offer. Fortunately, Young Scot has done some of the initial groundwork for you!

Yes, just like a 99p coin, Young Scot is making finance simpler. We’re expanding our money-related services to ensure young people better understand how to manage their finances. We have an ever-growing library of different resources – including page articles, videos, podcasts, events, surveys, and much more – to help you explore the individual areas of the finance world.

Our partnership with finance organisations across the nation ensure that the information we provide you remains accurate and relevant – making it you’re one-stop, money shop. So whether you‘re ready to break away from the Bank of Mum & Dad, you’re trying to escape from a prison of debt, or simply want to know more about the world of finance, this is your starting point.

Have a look around our finance-related articles by clicking on the links available on the right-hand side of this page or by using our sophisticated search function at the top. Are you over 18 years old and currently working in full-time employment? Well, why not join the thousands of other young people who have used the Money Advice Service’s Health Check and start to make the most of your money today.