Hope you all had an awesome week. I have a brilliant time down at the YoMo national youth conference. There was so much energy and passion for helping young people during the conference it was unbelievable. On my journey home from the conference I started thinking about this blog that I wanted to share with you.
In this week’s blog I want to talk about a term which I find is banded about very wrongly and that is the term ‘at risk.’ It’s a term which is a buzz word when it comes to young people and working with young people. So today I want to tell you all about what I feel the true meaning of ‘at risk’ is.
The one problem I have with many people is that they only see areas with huge crime levels and social problem as the areas to help. We need to start getting proactive. Youth work needs to be the prevention business not the cure. Just because you live in a nice area now doesn’t mean that it is going to be a nice area in a year’s time.
You never know what is going to happen if you don’t do something to help young people in the area and I want to keep it that way I don’t want to find out what would have happened if I didn’t do something. You know just because a young kid is doing great today and achieving many great things you don’t know what the future is going to hold for them unless you help them.
I hate it when people use the term at-risk for young people when the government says this demographic or kids in these situations are at risk. Every young person is at risk every day in this country if we don’t help them. Just because some young people’s problems are more obvious than others it doesn’t mean they don’t have any or that there problems are less important.
It’s like a few weeks ago I was watching the pride of Britain awards. Anyone catch it? I love that programme as it reminds us all that there are amazing young people doing amazing things all over Britain everyday that we never know bout. But the only way we are going to find these amazing young people or to help young people become amazing is by looking for them and supporting them. There are amazing kids in every city, town and village it’s just up for us to help them and find them.
The youth of today is at risk and it is up to us to make it a safer environment for young people and an environment which gives them the confidence and the motivation to succeed and achieve in life.
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Cliff D'Arcy, a personal finance commentator, has stated that debt in itself is not the root of such young people's problems - it is overspending that causes them to build up their borrowing until it is no longer manageable.
To avoid getting into a situation where a consolidation loan might be necessary, he suggests avoiding impulse buying and ensuring that money is spent as efficiently as possible.
"Try and get more bang for your bucks," Mr D'Arcy explains. "Instead of going out on impulse and buying, sit down and try and make the most of your money. Try and shop around online - you can get 30 to 50 per cent discounts - haggle, bargaining, look around rather than just buying the first thing you see. Maybe you don't need it today and next week and at half the price, it'll be better."
Anyone who has found that debts on credit cards and loans have already been accumulated to the point where they are no longer able to service them might consider debt consolidation.
By combining existing debts into a single lump sum it is possible that such borrowers could start to repay their borrowings, putting them back on the path to financial stability,
A second danger that the writer identifies is failing to keep a close enough eye on overdrafts. By spending beyond the limit of an overdraft, consumers can end up paying not only for their purchase but also whatever charge the bank elects to impose for breaching the agreed limit.
Mr D'Arcy, who writes on occasion for the Motley Fool, remarks that "bling-itis" can be identified as a further cause of debt among young people, as they feel that they have to purchase flashy items to keep up with their peers. Gadgets, clothes and cosmetics can make individuals feel good in the short term but their high cost can lead to spiralling debt, he warns.
"Two-thirds of ... young people have admitted that they are still trying to clear credit card debts that they built up two years ago. This 'Bling-itis' is edging them towards bankruptcy," explains D'Arcy.
His observations follow recent research released by mobile banking firm Monilink which found that more than one in five young people prefer to spend their money on treats rather than saving it.
Additionally, 56 per cent believe that they are judged on their appearance and possessions, while more than one in five (22 per cent) find repaying debts such as loans and credit cards a strain.
The debt consolidation loan route has recently been described as a "welcome lifeline" for those whose spending has resulted in debts that they are struggling to manage.
Head of personal finance at the Motley Fool David Kuo has said that applying for such a loan can be instrumental in putting those with much borrowing back on the road to financial recovery.
Both Adam Sibley & Abbi Rouse are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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