Budgeting

A budget is your roadmap for handling your money. It helps you to see how much money you have coming in, how much you're spending, and how much you're saving.

Creating a budget, helps you make sure you're using your income wisely, balancing what you spend with what you save. This way, you can work towards achieving your financial objectives.

A budget is crucial if you:

• feel like you’re not in control of your finances

• don't save regularly

• don't know where your money is going

• have problems paying off your debts

• want to make the most of your money

• are planning for a major purchase or a life event

An emergency fund can be kept in HISA:

A High-Interest Savings Account (HISA) is perfect for an emergency fund because it offers easy access, competitive interest rates, and ensures your money stays safe and grows steadily. It provides flexibility without market risks or penalties, so your funds are ready when you need them.