Why the order matters
Most money advice is right, but in the wrong order for you. Investing while you're paying 25% on a credit card, or overpaying a mortgage before you've taken your employer's free pension money, means your money works harder for someone else. The check-up puts the foundations first and builds up from there, skipping anything you've already done.
Come back each April when the new tax year starts. Allowances reset, prices change and your plan will move on as you tick things off.
Common questions
What order should I sort my finances in?
A common order for UK households is: build a small emergency buffer, clear expensive debt, take your full employer pension match, protect your family with a will and life cover, grow your emergency fund to three to six months, then invest for the long term in ISAs and pensions. The check-up builds your plan in that order and skips anything you have already done.
How much should be in an emergency fund?
Many people aim for three to six months of essential spending, kept in easy-access cash. Start with a smaller buffer of around £1,000 or one month of essentials, then build up once expensive debt is cleared.
Is this financial advice?
No. The check-up gives general information based on your answers. For advice on your personal circumstances, speak to a regulated financial adviser. MoneyHelper offers free, impartial guidance.
Is my information stored anywhere?
Your answers stay in your own browser so you can come back to your plan. Nothing is sent to us or anyone else.