Prioritize paying off high-cost debts, such as credit cards, overdrafts, and store cards, before considering investments
Build a cash fund to cover three to six months' worth of essential expenses for emergencies
Look for easy access accounts with the best interest rates for your cash savings
Take advantage of tax-free allowances, such as pensions for retirement planning and ISAs for accessible investments
Consider starting with DIY investing using investment platforms and fund supermarkets
Compare fees and charges of different investment platforms based on your circumstances
Start investing with small monthly amounts and gradually increase your contributions
Opt for pooled funds like unit trusts or tracker funds for diversified investments and lower administration costs
View investing as a long-term endeavor, aiming for a minimum investment period of five years
Be cautious of unsolicited offers and high-return investments, and avoid companies that contact you out of the blue