Mark McGowan

Mark McGowan

Minister for Education and Training; South West

    New guide to help youth manage and avoid debt

    15/08/2005 12:00 AM
     
    15/08/05

    The State Government has launched an information kit to help young people avoid the debt trap.

    Youth Minister Mark McGowan said the kit - Managing and Avoiding Debt: A Young Person’s Guide - also provided advice on managing debt once it had been incurred.

    Mr McGowan said that debt among young Australians was a serious problem, often brought about through the use of mobile phones, credit cards and interest-free offers.

    “Youth debt is on the increase, as a result of technology, spending habits and ‘buy now / pay later’ offers,” he said.

    “Young people are offered credit cards, or increases to their limits on a regular basis, so it is important that they understand the ins and outs of credit and debt.

    “Managing and Avoiding Debt: A Young Person’s Guide was developed to assist young people in understanding some of the common problem areas, with a view to avoiding debt in the future.”

    Managing and Avoiding Debt: A Young Person’s Guide was developed by the Office for Children and Youth and the Department of Consumer and Employment Protection, with the input of the Youth Legal Service of WA Inc. Some of the major focus areas included within the guide are:
    • budgeting techniques;
    • financial responsibility;
    • credit cards, credit lines and store credit cards;
    • mobile telephone bills and common traps;
    • buying a car, computers and technology;
    • shopping on the Internet;
    • house sharing considerations; and
    • managing debts and where to get help.
    Managing and Avoiding Debt: A Young Person’s Guide is available from the Office for Children and Youth on 9476 2000, or on the Interest via the following link: http://www.community.wa.gov.au/youngpeople

    Minister's office: 9222 9111