Money Saving Guidance for Young Professionals


It is never too early to start thinking about financial planning. Yet many young professionals grow up without access to financial advice. If you are between 18-35 years old, you may be wondering how to start investing your money or looking for extra cash to fund your expenses.

We set up Buddys Castle to share the financial advice we wish we’d had. On our website, you will find all the tools you need to successfully manage your finances.


The Basics



No matter how much money you have in your bank account, without following a personal plan to managing finances it is easy to over spend. If you find yourself spending more than you can afford, you can quickly find yourself in a situation where you can no longer cover essential living costs or important outgoings such as tuition fees. Try to avoid the temptation of impulsive spending


Avoid debt

Do what you can to maintain a good credit rating by avoiding going into excessive debt. Keep track of your daily, weekly and monthly spending. Additionally, you should always think about repaying borrowed money as soon as possible. This will make it much easier to apply for bigger loans later in life. Borrowing money from family and friends is the easiest way of avoiding loan repayments with high interest rates.


Join a pension scheme

Although it might feel a long way off, your retirement will arrive quicker than you might expect. One of our key recommendations when you start on a good salary is to put some money aside for your retirement. Many employers will match what you pay into a pension fund (up to a point), meaning that you are, effectively, receiving money for nothing in your old age. If your organisation hasn’t made you aware of your options, ask them.


Take (calculated) risks

Investment of any type can feel scary especially if it’s the first time you are considering it. Constantly reflecting on the worst-case scenario can be enough to put you off taking risks, especially when you hear about all the horror stories from others. But if you think that you might want to invest in stocks and shares, your 20s is an ideal time to do so. Always be wary of fraudulent and high-risk offers. If something sounds too good to be true, it often is!


Bonds / ISA’s

When you start earning money it can be extremely tempting to spend all your income immediately (especially if you have minimal financial commitments). When you enter your 20s, however, it is wise to consider how much money you can afford to save for your future. A good way in which to do this is by setting up standing order of a fixed amount to transfer from your main bank account each month into an ISA. A range of high interest ISA’s are available which help to guide you towards future specific projects. For example, some ISA accounts help first time buyers, as the government also contributes to your savings account, enabling a first mortgage to be more affordable when the time comes to buy a house. Price comparison websites provide the details of different options available to you when choosing the best ISA account to invest in.

Elsewhere, savings bonds are also a good form of investment as they can offer high interest rates of return. Many companies will offer you the opportunity to invest for a set amount of time (usually the minimum is 6 months), and at a minimal amount. As time progresses, the value of your savings bonds increases in line with the interest, leaving you with the option to invest more, or withdraw what you have accumulated. If you choose to deposit money in a savings bond, it is highly unlikely that you will be able to withdraw any of the cash you have committed, so ensure that you can afford to pay into a savings bond, prior to doing so.


Stocks and shares

If you can afford to spare some cash, there is a lot of money to be made by investing in stocks and shares. If you hire a stockbroker, you will be contacted regularly on the best types of investments to make based on the expert advice that they provide you with.


Find advice on

Saving money

If you have a friend or family member who has a fantastic business idea, providing them with the funding.

Repaying debt

If you can afford to spare some cash, a lot of money can be made by investing in stocks and shares

Investment opportunities

When you start earning money, it can be extremely tempting to spend all your income immediately .

Our Team

Connor Smith

Independent Financial Advisor

Thomas Cruz


Sarah Jackson

Independent Financial Advisor

Richard Wakeley



  • “I’d like to thank the fantastic team at Buddy’s Castles. I really enjoy having the confidence of managing my own finances and used the advice I got to start my own business selling nail supplies, www.weheartnails.comHolly, 21, London, United Kingdom

  • “Wow! Great service from the guys at Buddy’s Castle. Your help really got our business grow and expand. We’ll definitely use you again.” Steven – van and man in London

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