Almost one in five people in Britain say they can only just cover their costs and often struggle to make ends meet, according to YouGov. Ahead of Wednesday's Autumn Budget, a finance expert has shared five steps to help households prepare.
Five Steps to Prepare Your Finances
The steps include building a small emergency fund, reviewing bank statements and cancelling unused subscriptions, looking for better value on everyday spending, avoiding making decisions based on Budget speculation, and planning for major bills.
Andy Forsyth, chief financial officer at Moneyboat's parent company, advised that even setting aside £5 or £10 when possible "could be useful when an unexpected expense comes along."
Budget Delivery Date
The Budget will be delivered by Chancellor John Healey on Wednesday, October 28.
