This is perhaps the most important plan as this can stop you from dipping into retirement funds in the event of a crisis. Best case scenario is that you have six months of income in an investment that can be accessed quickly should you need to get hold of some cash. Most individuals, if they had this fund, could ward off many potential financial calamities.

Click here to learn more about building an emergency fund.

If you put in place a strategy that encompasses all of the above you will be able to weather most financial storms.

If you are cash strapped try and pay off as much debt as possible by cutting expenses and redirecting cash to interest bearing debt.

It won?t happen overnight, but dedication to a plan will pay huge dividends in the long run.

Andrew Warren is the Executive: Product and Marketing at Liberty Life.