A third of British adults have less than £600 in savings (source). With so little in savings, people risk financial ruin from even a minor life event like a car breakdown. In this situation, you have no plan B, no backup plan and no way to dig yourself out of a hole should it occur. Your finances are built on shaking foundations.
Eat Sleep Money are here to help you build solid financial foundations and keep your finances in shape. Before you consider where to place your savings make sure you have your budget in order. We have created a great budgeting article that can transform your finances. It requires no spreadsheets and is build on our Financial Fitness Plan, an easy to follow system for completely overhauling your finances.
Why trust us? What do we know? Well, we’ve been there and got the t-shirt. We’ve been £30,000 in debt and dug ourselves out of that hole and are now striving towards Financial Independence. This is our big goal! We couldn’t even imagine being able to have our sights on that goal without the things we have learnt and documented on this site.
We want to share that journey with you! Hopefully, you can learn from our mistakes so you can get to your own financial goal quicker.