Save for an emergency
Life happens, and when it does, you need to be able to meet it head on. Ask yourself, how long could you survive for three months without your salary? Would you have enough to cover urgent car repairs, or even insurance excess without a loan? Avoid possible financial ruin. Build up an emergency fund and be prepared for all of life's major pitfalls.
Why save for an emergency?
Things go wrong. That’s life, but make sure you are financially prepared for it. You don’t want to go into debt or compromise your other goals.