Expert Response
The single professional.

Adam currently has a secure job and can meet his outgoings but like many people he has concerns about the future. Having recently bought a car he recognises that this was a bit of an impulse purchase but is happy enough that he can meet the payments.

Adam has been looking at getting onto the property ladder but feels that now is not ideal. He is very good at managing his day to day expenses and recognises that his personal situation may not allow him to make those purchases he could have made in the past.

One thing that's clear from Adam's situation is the need to clearly think through what his future may hold. He's done the right thing by not over extending himself and only taking on a debt he can afford, but had he not purchased a car he may be in a better position with his current goal of buying his first property.

Adam says he does worry about the future and how that would affect him. He regularly monitors his banking and knows where he is with his finances. This is a good position to be in, but he still may have questions he'd like answered. This is where a financial review could help. There are many sources of help and information available, one of which is your local branch.

Two things Adam should consider for his short term future is maximising the return he is getting on his savings by using any tax free allowance he has in the form of an ISA. Then looking at the protection he has in place for his current debts. Should the worst happen and Adam lose his job, making sure he has provision to continue making debt repayment is very important, especially when it's for something as important as your main transport. A factor that could be vital to gaining future employment should he need to.