Total beginner, need advice

dgerrard

Hi All,

Summary

Joint income: £64k per annum

Savings

Me:
£2000 in a basic savings account, no idea of interest rate but certainly low
£4650 in a 0.05% interest standard saver account
£4200 Help to Buy Isa

Partner:
£1500 in savings
£3800 Help to Buy Isa

Monthly Expenses around £2400 (including £400 into ISAs, and pension top-ups), leaving us with about £1700 to play with. Usually end up banking about £800 of that.

We want to buy a house in a couple years. However, I've got absolutely no idea what I should be doing in the meantime, and constantly feel as though my money isn't necessarily working for me.

Have spoken with my bank (Lloyds), but they're no help, I left things exactly as they are in the end.

Any advice as to what my first steps should be to improve my situation? Or is what I'm already doing enough? Thank you!

masonic

1) Open 2 x Nationwide FlexDirect accounts and stick £2,500 in each.
2) Wait for suitable LISA to come along and stick £4000 per tax year into that (and transfer in HTB ISA)
3) Any excess could be cycled through 2 x Flexclusive regular savers.