Looking at your cash reserve (your rainy day fund)
Comparing how much you earn against how much you have saved will let us know whether you're on target (assuming that your target is 3 months worth of income).
- You should aim to have enough easily accessible money to deal with life's emergencies.
- We're assuming that your target is 3 months worth of income.
- You may need to access this money at short notice, so avoid savings options which include delays or early access charges and which can fluctuate in value.