Students Fight the Credit Crunch Together

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Students at The University of Manchester have launched a free financial advice website aimed exclusively at students in a bid to combat the effects of the credit crunch, including the imminent rise in tuition fees.

Students at The University of Manchester have launched a free financial advice website aimed exclusively at students in a bid to combat the effects of the credit crunch, including the imminent rise in tuition fees.

Tell Me Money was created by Business graduate Joe Levi, 21, and offers students help with managing their personal finances. Tell Me Money is a free website, which provides money saving advice, an interactive budget calculator, the latest student offers and an online community to share financial tips. All the articles are written by students, which adds a personal touch to the tricky topic of personal finance and users can also directly communicate with each other through blogs and forums.

On average, students leave university with over £20,000 worth of debts from student loans, overdrafts and credit cards, yet there is a surprising lack of student-orientated advice on offer. On top of this, the credit crunch has also made it increasingly difficult for students to manage their money, and coupled with a lack of graduate jobs and increasing tuition fees, the situation looks pretty bleak. Tell Me Money aims not only to help students whilst they are studying, but to also assist students find a job once they graduate and to eventually settle into working life.

Joe Levi, the man behind the website, outlines why Tell Me Money is such an important innovation: “The idea for Tell Me Money came about when I left home to go to university. I suddenly realized I had no idea how to manage my personal finances - from selecting a bank, to paying my utility bills, to finding a place to live.

“It’s a very intimidating and difficult period when you become financially independent, especially in the current economic climate and there is a surprising lack of help. Tell Me Money wants to change this by offering students comprehensive support and guidance whatever the financial problem may be.”

The Tell Me Money team will be promoting the site on campuses across the country from the 22nd November.

Notes to editors:

If you would like an interview or further information, Joe Levi is available to contact on: joe(at)tellmemoney(dot)com and 07809558352. You can visit the website at: http://www.tellmemoney.com

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