Do you have a reserve of savings that you could draw from or do you have a “Plan B”? If you are wholly dependent on one income source then you are leaving yourself vulnerable.
The chances are, if you’re like most people, you rely on your day job for the bulk of your income. You get a steady income throughout the month, and you use that money for everything from living expenses, debt, and savings.
But what happens when that source of income disappears?
A recent survey revealed that 5 Million households in the UK had £10 left every month after they had paid their financial commitments. It is said that most of us are just one mortgage payment away from homelessness.
More recently, the “National Institute for Economic and Social Research” stated that the UK inflation is set to quadruple in the second half of 2017. Read