Debt repayment tips offered to graduates

Graduates have been advised to address their finances after leaving university.

Independent provider of personal finance information MoneyFacts.co.uk has urged new graduates to put their debts in order by making a list of what they owe.

'Most people will leave university owing a five figure sum, but be sensible about it. It doesn't all have to be paid off within 12 months, but then again you can't ignore it and you should look to start making repayments as soon as you can afford to,' the website said.

And for those who have started earning a regular income in a graduate job, Moneyfacts.co.uk stated that working out a monthly budget is prudent.

Additional living expenses and travel costs, especially if a graduate moves to London, may mean a monthly wage is impacted upon more so than expected - and it is this age group of younger workers that are the least likely to ask for a pay rise from their employer, according to a recent survey from Ceridian.

As reported by Online Recruitment, the poll revealed that 19- to 24-year-olds were also the most interested in their colleagues' pay packets.