With the Government’s furlough scheme set to end on 31 October 2020, it is predicted that thousands of people are facing redundancy over the coming months. For those who are concerned about losing their job, it can be a stressful time, especially for those with limited savings and high debts.

To help lessen the stress of redundancy having a plan in place in case the worse happens helps to make the process easier, especially if finances are in order. Below we have put together some tips on how to prepare finances in case of redundancy.