Build Your 'O-S-H-I-T' Fund: Your Safety Net for Unexpected Moments

Hi everybody, I wanted to talk about something crucial: an O-S-H-I-T fund. It's a fund of money that's yours, but it's there "just in case." People might ask, "Isn't that just savings?" No, it's not. This fund is specifically for when "it hits the fan." It's not for planning a holiday or saving for something specific — it's there to get you out of a hole.

You might be thinking, "How the heck do I do that when everything coming in is going straight back out?" But there has to be a way for you to be safe — both at home and in your business. How much does it cost to run your home each month? How much does it cost to run your business? You need to be fluid, able to deal with things if no money is coming in for a while. That's what an O-S-H-I-T fund is for — it's not for building up cash for a holiday; it's there to sit, just in case.

Moving forward, I suggest you look at your costs. First, see if there's anything you're paying for that you don't actually need — that's a quick fix. Then, find out how much it truly costs to run your home and your business. There are calculations out there, like having three times your monthly outgoings in your fund, but that's your choice.

I remember having a number in my head, and once I reached it, the stress it released from us as a family — and from running our business — was immense. We always had that "just in case." Even if you're only saving a couple of quid a week, building it up over a few years releases so much pressure. Knowing you're okay allows for better sleep, personally.

If you want to talk about it, or need help building this fund, let us know. That virtual cup of tea is always there for you.