As we are now (already) in April; the thought of April Showers sprung…
I suspect like a lot of the UK population you have made some New Year resolutions about getting fit and losing a few pounds. These resolutions normally do not last past the beginning of February, so try something different; gain a few pounds, (in the purse or wallet), and ignore the diet!
Everyone needs some savings; borrowing money to meet emergencies is expensive, hard work and precarious.
Think of saving as four pots; emergency, holiday, next car and pension.
As a golden rule, do not spend all your income, set some aside for later and spread it across your savings pots.
One of the basic building blocks for a realistic personal financial plan is an “Emergency Fund”; six to twelve months of take-home pay, held outside of your current account but accessible in real need. Typically for our clients, this would be an instant access cash ISA, money in a Credit Union or money on deposit in a bank.