i dont understand anything!

natasha1989

Hi everyone im 23 and I want my money to earn interest. I have £1000 cash in my piggy bank. I live at home so the only bills I have are phone and car. I put about £200 a week from my wages into my piggy bank because if its in my bank account I will spend it! Maybe an isa account where i can't withdraw anything for a while would be best? But which Isa? I dont understand any 'bank talk' and Apr and % means nothing to me....any help? PS please explain as if your talking to a child. I really do need the banking for dummies version

Bob_the_Saver

i dont understand anything!

Can we take it that you work for a bank?

McKneff

Bob_the_Saver wrote: »

i dont understand anything!

Can we take it that you work for a bank?

ooh, Bob, you are a one:rotfl::rotfl::rotfl:

innovate

Read thru this http://www.moneysavingexpert.com/savings/

kidmugsy

Give a man a fish and he can eat for a day. Teach a man to fish, and he'll exaggerate for the rest of his life.

VoucherMan

natasha1989 wrote: »

please explain as if your talking to a child.

Why not ask mummy or daddy to take you to the bank and ask the nice man/woman behind the counter to open a savings account for you.

joelsbeads

yes, it's a great idea. But the questions are: Can you really do it? and that nice woman will really help you?..

gadgetmind

natasha1989 wrote: »

I dont understand any 'bank talk' and Apr and % means nothing to me....any help?

I know this is going to come across a cruel, but ...

If you're 23 and don't yet understand percentages, then you initially need to invest in yourself. Perhaps some night classes in maths and/or some basic books on savings and investments?

This will give you a *much* better return on your money than anything else ever could.