First off, it’s important to always keep a good “cash cushion”. This is an emergency fund that you keep in an instant access bank or building society account so if you ever need money you can get it straight away. Keeping six to 12 months worth of expenditure in that account.

Make your investments work hard for you by paying lower charges and paying less tax. Choose investments where you’ll get the best performance and interest rates.

What’s the old saying, don’t put all your eggs in one basket. It’s as true today as it’s always been.

Spread your investments - If you decide to invest in cash at any point then it is recommended to put up to £50,000 in any one account. This is because the government will protect up to £50k but not beyond.

When investing in shares I recommend buying unit trusts so that your investment is spread over several different markets and funds. The same applies for fixed interest funds, such as corporate bond funds. Purchasing in this fashion spreads the investment and also the risk (for more information on what Unit Trusts are visit the Direct Gov website).