Expert Response
The family.

Ally and his family are comfortable at the moment and don't have any immediate concerns. They are aware that times are changing and that they have to keep a close eye on their finances. Dependant on their circumstances, taking out an income protection plan maybe a sensible option as for a fixed monthly fee they have peace of mind that the bills will be paid should Ally be out of work in the future.

One thing that Ally could check is the benefits that he and his wife can claim from their employers. There are many examples where employers can offer benefits that can help when insurance matters such as life cover. Making such provision in uncertain times is always prudent and there are many ways this can be done.

Ally and his family have recognised the benefits of shopping around for things like car insurance and utility bills, something we can all look into.

One thing that Ally might consider if he hasn't already is to set up direct debits and standing orders for those regular bills he knows he needs to pay. Arranging these for a date just after salaries are received into his main account is a quick and easy way to ensure the bills are paid on time and you know how much is left each month.

Having a regular savings plan is also a very good idea for someone in Ally's situation. You never know when those extra funds will come in handy. It's important to maximise your returns on any savings you do have, firstly by maximising your tax free savings allowance in ISA accounts, then looking at other savings methods such as fixed rate savings accounts.