Building a solid cash cushion helps you handle those quiet work months better. Having money set aside lets you breathe easier when income dips temporarily. Your bills stay paid even when work slows down, or gaps buy phone number list appear. This buffer becomes your best friend during unpredictable times.
Essential buffer targets:
Save enough to cover basic bills for 3-6 months
Keep at least £3,000-£5,000 ready for quick access
Choose an easy-access savings account with good interest rates
Even with bad credit, options exist for buying needed items. If you are buying a car, then get car loans with bad credit. Many lenders focus on your current income rather than past credit issues. This helps you move forward while rebuilding your credit score.
Your cash buffer needs a good home in the right account. Easy-access savings accounts let you reach your money quickly when needed. These accounts should still earn decent interest while waiting. Finding this balance helps your money work harder.