A letter from YMB founder, Iona Bain

Dear readers and supporters of Young Money,

This is a frightening and unsettling time. In the space of a few weeks, COVID-19 has turned our lives upside down, and the issues that are worrying everyone right now are health, the welfare of our loved ones…and money.

For nine years, Young Money Blog has been sticking up for the financial rights of our generation. I have been committed to offering advice, commentary and solidarity for young people when it comes to their money. I have also worked hard to keep the blog independent, non-profit and authentic.

Now more than ever, young people need financial information they can trust and a perspective that helps them feel less alone, anxious and fearful about the future. I have also been understandably inundated with questions from readers seeking urgent answers to difficult questions.

It has also been difficult for me to adjust to this new normal as a freelancer who subsidises the Young Money Blog through external work (and has had to relocate for the duration of the crisis). So thank you for your patience while I work hard behind-the-scenes to organise my career and set Young Money Blog up for the next phase.

But fear not – I am redoubling my efforts to offer a one-stop shop for all of you through this time. This will consist of:

  • Topical blogs with important news updates, analysis and commentary;
  • Guides with videos to all the main areas of your money affected by Coronavirus, from the options for self-employed workers to how to financially make the most of Corona downtime;
  • Iona answers – a regular feature where I answer readers questions and investigate financial problems arising from COVID-19 and;
  • Campaigning to get the financial industry to treat YOU fairly while this crisis lasts.

Our generation has faced tough times before. We came of age after the brutal financial crash of 2008, and though it is ironic that we were just starting to recover when this new crisis came along, we will survive.

Indeed, with challenges come opportunities too – and with the right financial information, attitude and approach, we can come out of it stronger than ever.

Please keep checking the Young Money Blog for news, analysis, guides, answers to your questions and to stay up to date with Iona’s latest calls for action. In the meantime, please take care of yourself and each other.

And remember – don’t get mad (or indeed) sad. Get informed!

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