The Student Money Manual, which is being distributed to 15,000 students by The Money Charity, the UK’s financial capability and wellbeing charity is designed to help students better manage their finances.

It includes relevant on financial topics including student loans, paying rent, ideas for earning an income at university and how income tax works, and tips for spending less and saving more to help them create good spending habits for the future.

A recent survey by NatWest highlighted that students find managing their money stressful, with almost half (43%) saying they had run out of money by the end of the semester, and one in three (32%) using their overdraft to cover their rent and household bills.

Steve Butler CEO at Punter Southall Aspire said: “Helping students get on top of their finances is vital.

“This is often the first-time people have left home and had to live on a budget.

“Worrying about money can cause unnecessary stress, which can have a detrimental effect on studies and mental wellbeing.

“The manual is full of useful information and practical suggestions that will encourage people’s good financial habits that will serve them well into the future.”

Hannah Barnes, young people's programme manager at The Money Charity, said: “We're incredibly grateful to Punter Southall Aspire for their generous sponsorship of this year's edition of The Student Money Manual.

“Not only has this support paid for the Manual's design, production and print, it will also keep this great resource free of charge, ensuring 15,000 young people, either considering going to university or taking their first steps as an undergraduate, will benefit from essential information and guidance at a vital time in their lives."

Punter Southall Aspire’s employees are also supporting The Money Charity by volunteering to run financial wellbeing workshops for its community groups across the UK to help them get on top of their finances and achieve their financial goals.  

The workshops will be held in settings including prisons and soup kitchens.

Mr Butler added: “Our goal is to change the way people think about their savings and to improve their financial wellbeing.

“Working with the The Money Charity our staff will be helping across all generations build their financial skills, and knowledge and ensuring they can make the most of their money throughout their lives.”