I read this summer in Push’s 2010 National Student Debt Survey, that things are getting worse. The average undergraduate who started University last year can expect to leave with debts of about 23,000 pounds. And those that are starting this year can expect to leave with debts of around 25,000 pounds! That is a startling amount of money.

I believe that one of the reasons people of my age find themselves in the situation they do, is down to the lack of formal Financial education they received as a young person. Most of what I was told about money was through family and friends (some of whom knew less than I did , and most of it went straight over my head!

To go some way towards redressing this issue, I have created Young Banker. Based on my own knowledge and research, I offer straightforward and easy-to understand information that doesn’t assume a high level of financial understanding.

As I move through this process, I want to encourage as many people as possible to get involved with site, and I plan on inviting students themselves to give their thoughts and opinions via blogs and articles.

Once Young Banker has become slightly more established, I aim  to help graduates (whether that’s from school, college or University) to get jobs by  offering help and advice on writing CVs and doing interviews. I also want to get out into the wild and provide face-to-face lessons.

I have many grand ideas for Young Banker, but my unwavering motivation is in giving young people in the UK the tools they need to help make better financial decisions.

I do hope that you think this is a worthy cause, and one that you will join me in contributing towards.

Matthew Barker