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where shall I put it?

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About to inherit approx 30k (give or take the price of a mush deserved holiday and a laptop)

I have just finished University (with no debt other than my student loan) and I still live with my parents.
What should i do with the money??? ...
Use some of it as a depsoit on my first home is my initial feeling as I feel that now is the best time to do so.
Should I pay off my student debt??

What about the rest? I want to open a savings account but am usure of the best one... will my money be safe?... will I make any money?.... would an ISA be better. I am totally confused???

I have only ever had a current account, if i did invest the money I wouldn't need to access it for at least 12 months, perhaps longer.

Advice please! xx

Comments

  • white_noise
    white_noise Posts: 116 Forumite
    PM me and i will give you the account details to put it in :rotfl:
    i wouldn't worry about paying off the student debt as that is at such a low interest and you will pay it back once you start earning over £15k.
    do you have a decent job that you could make the mortgage repayments with?
    for now i would say stick £3600 in a isa, and the rest in a decent (if such a thing exists) saving account and keep it there till you are ready to buy a house. that is if you want to be tied to it seeing as you have just got out of uni.
    if it was me i'd f off round the world for a year and see what if left of this country when i get back. though depends what your job/career prospects are like just coming out of uni
    WN
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