With Brexit now on the horizon for both the UK and Europe is everyone prepared for either a no deal or some sort of deal?
One of the best ways to be prepared is to have a good emergency fund available such as explained in my earlier post Stage four to becoming debt free and setting up for financial success. It is still as important as ever to make sure that you have already carried out the first stages before getting to stage four but with the cloud of brexit on the horizon it may be time to build a big emergency fund and stop paying down your debt for a while. Obviously you still need to make minimum payments on your debt but it is a good idea to hoard your cash for now.
Once the implications of Brexit have worked through over the coming months if you no longer need the bigger emergency fund you can start using it to pay of debt and restart the stages of becoming debt free.
Let’s see what happens over the coming months.
The Normal Person