What shall I do with my money?

Parky

Hello MoneySavers,
It's ages since I posted but I could do with a little investment advice.

I recently sold my property in England and have a nice chunk of money.
I am currently taking a "year out" if you like and am living nice and cheaply in Spain.
Now, at the moment I these are my plans. I want to pay off my overdraft of £1600 and pay my outstanding credit card bills off (2 cards totalling about £400) then I am debt free!
However, what shall I do the rest of my money? I have been here 4 months and only spent £150/month in living costs which I am rather chuffed with.
I have the bulk of it in e-savings at the moment with Nationwide but is there a better way for me to invest it? I am rather confused about this.
On an added note, I am 29 with no property and no pension, so I really want to start saving best for my future.
Are these good plans for my money and can anyone advise me on investments?

Many thanks

Parky

Parky

Did I post in the wrong section? Sorry guys.
xxx

foot_loose

buy another property and rent lease it to the council for 3/5 year or buy a peice of land out right uk or spain and leave it for 5/10 years. don't leave it in the bank inflation will eat it away.

Parky

I can't afford to buy outright in Britain or Spain, but thanks for the advice.

tom188

Have you read the articles on savings and investments? If not i suggest you do to get started and then come back for specific advice.

tom188

foot_loose wrote:

buy another property and rent lease it to the council for 3/5 year or buy a peice of land out right uk or spain and leave it for 5/10 years. don't leave it in the bank inflation will eat it away.

Yes and equally the market could fall in that time and it would have been better in the bank.