One lesson you learn in life is that time goes by very quickly.

One minute you’re starting your first job and looking to climb the career ladder; the next you have children and grandchildren and are heading towards retirement.

Another lesson is that you never know what will happen next. You could win the National Lottery or be made redundant. Planning ahead is key and many professional advisers use the phrase: "Fail to plan? Then, plan to fail."

Being financially prepared for what life throws at you is essential and can help make life a smooth ride rather than a bumpy, uncertain journey. Making sure you manage your money well can help ensure you have a less stressful time.

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