I work in media on £2,870 a month, but I’m worried I’ll lose my job and not be able to pay my mortgage. How do I plan for an uncertain future?

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Suzie* is 31, works full-time in media in London and has just bought a new home with her husband. Feelings of job insecurity are making her anxious that she wouldn’t be able to pay her mortgage if she were to lose her job. This is her money diary…

is real but it sounds like what’s really worrying you is the unknown and the unlikely. Let’s start with ‘Fear setting’. This is a useful technique for this kind of worry and helps you shift anxiety into action.Money MattersHere’s your guide to the pros, cons and different types of ISA that are out there, as well as a couple of good alternatives.Prevent - How do I prevent each from happening?For each fear-inducing scenario, you should consider whether you’re financially prepared.

In short, break down your spending into needs, wants and goals, setting *realistic* monthly targets for each category. For now, your priority is ‘goals’, specifically, saving for that emergency fund. Remember, you also need to account for those expensive one-off items and big wants Think about what you’ll be buying in the next year and work backwards: how much do you need to put away? Most importantly, your budget should allow you to live and save well without relying on your credit card.

 

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