Are You Free Climbing Without Ropes?
Most people start their financial journey thinking about growth — investments, savings, property. But there’s a step that comes before all of that.
If a serious illness, an accident, or a sudden loss of income hit you tomorrow — would your finances survive? For most people, the honest answer is no. The average UK emergency savings pot covers less than two months of household spending — yet millions have no income protection in place.*
Protection isn’t the most exciting part of personal finance. But it’s the foundation everything else is built on.
Savings and investments are the progress you make climbing the mountain. Protection is the safety gear you put on before you start. Without it, one slip can undo years of work.
Before focusing on growing your money, it’s worth asking whether what you’ve already built — and your ability to keep earning — is properly protected.
Protection is personal — what’s right for you depends on your income, your health, your family and your circumstances. If this post has made you think about whether you’re properly covered, it might be worth having a conversation with a qualified adviser who can look at your individual situation.
MoneyMade™ can help point you in the right direction.
Want the 60-second version? We broke this down simply in our very first MoneyMade short. Watch it below — and if it resonates, hit subscribe. More bite-sized money clarity coming every week.
MoneyMade™ is for financial education only — not financial advice.
This content does not constitute a financial promotion or personal recommendation. Protection products including income protection, life insurance and critical illness cover vary significantly by provider, individual health, age and circumstance. Always speak to a qualified, FCA-authorised financial adviser or protection specialist before making any decisions about insurance or protection products.
