To be financially healthy, consistent budgeting is key. It's essential to be aware of your spending habits and where your money goes each month.
An emergency fund is savings for a future financial crisis or unplanned expense. This could be costly car repairs, a boiler breakdown or job loss that comes out of the blue.
The size of your emergency fund may depend on your income and expenses, but typically should cover three to six months of living expenses.
It's important to prioritise your debt, with 'priority debts' being things like your mortgage or rent, utility bills, and other essential financial obligations.
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