Money advice please

Sab123_3

Hi all I need some money advice and i hope ive posted in the right place.

Im 21 and recently come into some money £75k to be exact and im wondering what to do with it, is it best to invest in property or just put it in some sort of bank account???

Any advice would be appreciated

Thanks alot

Sab123

dunstonh

What do you want to do with it?

geordie_joe

Sab123 wrote: »

Hi all I need some money advice and i hope ive posted in the right place.

Im 21 and recently come into some money £75k to be exact and im wondering what to do with it, is it best to invest in property or just put it in some sort of bank account???

Any advice would be appreciated

Thanks alot

Sab123

It depends what you want from it, it will be safe in a bank account and earn you interest. Look for the highest interest you can find.

Property is good, but the price could come down sooner or later. You also have to consider what you could buy for the money and in what area. Wth property also comes estate agent and solicitors fees, not to mention insurance etc.

If I were you I would put it in a savings account, preferably one where you need to give at least 30 days notice to withdraw. That'll stop you spending little bits of it on whims.

Sab123_3

Ha ha, im already planning a trip to new york a new car other bits and bobs. I dont have a clue what i want to really do with it i dont want to just spend it all on nothing worth while