What do you do with your money?

prashantnew

prashantnew

prashantnew

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Joined
19 Feb 2012
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208
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Boro
I've got my first full-time and hopefully long term job and after a lengthy discussion with the bank manager, opened an ISA, which has excited me.

So I was wondering what you all have done with your hard earned money...shares? bonds? a safe under the stairs because you think the banks will all collapse?
 
Half of whatever I have left over from a month's pay goes into long-term savings and the other half is earmarked for holidays, gadgets or fancy clothes. If I was earning less money, I'd definitely stop saving before I stopped spending. Life is for living, etc.
 
prashantnew said:
I've got my first full-time and hopefully long term job and after a lengthy discussion with the bank manager, opened an ISA, which has excited me.

So I was wondering what you all have done with your hard earned money...shares? bonds? a safe under the stairs because you think the banks will all collapse?
Click to expand...

Inflation 3.4%, your isa 3.5% you gain 0.1% a year..... if inflation over the year is say 4% your money lost value...
 
Not much at the moment - have invested some in funds but the majority is sitting in current accounts not really earning any interest.

I've moved out of the UK for a while so not eligible for ISA , and the savings rates on accounts that do accept non residents are **** :o
 
Send it to Afganistan to fund the purchase of new animals for the locals... at least that's what the guy tells me.
 
Blow most of it, will be saving 50% of it though from my next pay check.

Still leaves me with 3-400 to spend a month on drinking/clothes/gadgets.
 
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