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You and your money
Last month we looked at money tips for older people. But what if you're starting your first job, or returning to work, perhaps after having children or a long illness?
Find out how long you'll have to wait between starting work and getting paid.
During this gap you may have to pay for fares, lunches and maybe even a new suit – all expenses you didn't have before.
Work out a budget and see if you need to arrange a temporary bank overdraft or perhaps a small loan from your credit union.
If you haven't got a bank account, now is a good time to think about opening one.
If you're concerned about going overdrawn or don't have a good credit history you could apply for a basic bank account.
Also check whether you're still entitled to any state benefits you're getting, or if you qualify for new ones, like tax credits.
For more information visit www.direct.gov.uk.
On your first day take in your P45 (if any), bank details, and proof of your right to work in this country, for example your passport.
Without these you may not be allowed to start work.
When you get your payslip, it's important to check you're getting what you should, and not paying too much tax.
Ask your payroll department or tax office if unsure.
Now you're working, try to start paying off debts or saving for tomorrow.
If you do this as soon as you get your first pay you won't miss the money and it will soon become second nature.
You should also see if your employer offers any useful staff benefits like healthcare or life insurance, or helps you save for a pension.
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