There’re  several things that you should think about when you’re assessing your finances.  Here’re our 5 top tips for creating your own financial safety net.

Look at your situation

#As you reach different life stages, like becoming a home-owner, having children or changing your job, your emergency plan needs to change too. Look at your current lifestyle and what you think it'll look like in the near future and make sure you have plans in place to protect everything that's important to you.


Speak to a financial adviser to weigh up your insurance options

#Knowing which insurance products are best for you and your family can be confusing. Why not speak to an independent financial adviser who can talk to you about life cover, critical illness cover and income protection and see which options are best for you?


Pay off large credit card debts

#Credit cards might seem like an instant safety net to fall back on, but they'll probably only add to your worries in an emergency situation. Credit card debt will continue to grow if you're unable to pay the monthly bills.


Start saving

#Put as much money as you can afford to save into a separate account that you can fall back on if you need to. Make sure you use an easy access account, so you can dip into it quickly in an emergency.


Tell someone you trust your emergency plan of action

#Tell someone close to you about your emergency savings and how to access them, as well as details about any insurance plans you have. This'll make things a lot easier for them to put your emergency plan in place if you can't do it yourself.


Protection insurance should be at the heart of financial security


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