Emergencies happen.

They are unpredictable, unexpected and invariably expensive.

The only certainty we have in relation to unexpected emergencies is that they will happen.

At some point the car will break down, or the washing machine will stop working or the wind will blow tiles off the roof… Emergencies will happen.

The question is not whether they will happen but rather how will you be affected when they do.

Will you rely on your credit card and go further into debt or do you have a plan.

Personally I would recommend having £1000 put aside for exactly these occasions. That way you will not have to borrow money and pay extortionate interest rates to a bank for the privilege of dealing with your own emergency…

Take back control.

Set up an emergency fund.