“I’m 22, I’m a university graduate, unemployed and I live with my parents”

Nadine is 22, graduated, unemployed and lives with her parents in London. He is afraid of starting his climb into the world of work without having any savings aside. And it is she, here, who recounts her situation.

I currently live in London with my parents, so I don’t pay rent, and I’m looking for my first real job. I recently graduated, and the anxiety I started feeling when I was about to graduate has skyrocketed.

It makes me very nervous the thought of looking for work in times of pandemic, because it will be much more difficult than before, which was already not a walk in the park. I guess the job I’ll end up finding, if I can, will give me a very low salary, and I’m afraid I’ll never be able to save enough to leave my parents’ house and pay myself a rent.

The big question I would like an answer to is this: once i find a job, how will i save with a low salary? How much will I be able to afford to spend and how will I go to live on my own? When I start working I will essentially start from scratch, so I would like to know how to get around.

MY ACCOUNTS

Bank account: 30 pounds

Deposit account: 0

MY REVENUE

Annual salary: 0

Other income: Sometimes I get small amounts from my parents.

MY RELEASES

Rent: I don’t pay him because I live with my parents

Bills: none

Weekly budget: nobody

MY DEBTS

Student Loan: 47,000 pounds

MY ATTITUDE TOWARDS MONEY

My worst habit: I buy stuff online that I don’t need.

My biggest concern: being able to save so that I can one day rent or buy a place to live – a long way off in the future, but I’m anxious to start building a nest egg right away.

My financial hopes for the future: being able to save from an early age so that you can buy a house someday.

Current mood: 😄🥴😞

ADVICE FROM THE EXPERT ALICE TAPPER

AND Alice Tapper, the founder of Go Fund Yourself, an online personal finance platform and community, to give you some advice.

Don’t stress the first move
“If I can offer you some advice, it is this: your first job will not be your last – see it as a stepping stone to independence, new experiences and an opportunity to understand what non you like to do. The basic ingredients of an acceptable first job? 1) That you do not exploit yourself (i.e. you do not pay enough to lead a decent life and 2) That you care. An additional bonus is a company whose values ​​are in line with yours and which belongs to a growing sector ».

FOMO related to work
“I know things are not easy at this time in history, but don’t be discouraged by the rumors about post-graduate jobs and how impossible it is to find work right now. It is undoubtedly more difficult, but these rumors are always going around. Avoid getting too influenced by this chat between college mates. A recent survey by the Institute of Student Employers (ISE), which has been analyzing the graduate job market since 1999, found a stabilization or increase in graduate hiring this year. It is difficult, but the opportunities are there. I wish you good luck!”.