Simon Lambert

But I think it is on a personal level.

At times like this, it's a good time to sit down, try to set aside a bit of time and take the opportunity to take stock of your finances.

Have you got a rainy day fund?

If you haven't got a rainy day fund, do you need to be saving a rainy day fund?

And sometimes it can be difficult when someone starts talking about like three months of essential spending or whatever you like.

I'd literally never be able to save that amount of money.

I mean, I actually don't know how I'd save that amount of money from scratch.

But the best thing is to have some money.

We did a podcast on this last year sometime, maybe, I think.

And there was some research that showed that even if you just had £1,000 in a rainy day pot, the risks to your long-term finances from a moment of financial stress were massively reduced.

So it's do you have the rainy day pot?

You know, how are you protected elsewhere?

What's your notice at work, for example?

You know, if you are in a scenario where you are self-employed, then you are at much more risk.

If you're employed, then you should have notice.

But if you've only got a month's notice, you're at more risk than someone who's got three months notice, for example.

So maybe you do need to have a bit more in your pot.

But then also, you know, are you making the most of your money?

What do your investments look like?

Do they look like the investments that are right for you?