Today's graduates have more pressures than ever regarding finding jobs, paying back debts and managing finances, it has been claimed. The Independent cites figures from High Fliers Research which report that the average graduate salary is £21,700. However, it also mentions numbers from NatWest which say that the average student owes £13,000. For this reason, the publication advises those seeking to start earning and pay back their loans right away to set up a budget for doing so. "It is … essential to draw up a plan to reduce your overall debt as soon as possible to avoid getting caught in a debt spiral," it states. Utilising an interest-free overdraft limit, checking to see if an authorised overdraft can be extended at a reasonable rate and planning to put money away into an individual savings account are other ways for graduates to start managing their finances while they go after the ideal position, such as a pharmaceutical sales job, the news provider continues. Recently, the Nationwide Consumer Confidence Index indicated that Britons were feeling more confident regarding employment opportunities in May.
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