I need help.

Crooksy18

Hi guys, 
I am honestly not sure where to post this but I assume this category is the most accurate.
I am hoping someone can point me in the right direction as currently I have roughly £600 “spare” each month when after taking care of all of my current bills. 

I have started paying off my student loans which is currently the only form of debt I have. 

I honestly have no idea what to do with this excess money but feel I need to do something as it’s currently just sitting there. 

Any simple advice at all would be helpful. 

Thanks 

Dazed_and_C0nfused

Have you got a suitable emergency fund in an easily accessible account?

What pension provision to you currently have?

Might you need access to this money in the near to mid term or can it be locked away till 55+?

What is your risk appetite?  

Do you have a mortgage?  If so what interest rate are you paying?  If not do you plan to have one in the future?

eskbanker

Agree with the above about considering plans at a holistic level but, on the assumption that at least some will be best placed in savings, https://www.moneysavingexpert.com/savings/which-saving-account/ offers a structured process to identify best options on that front....

grumiofoundation

As above answers will depend on what your aims are in the short/long term.

Building up emergency fund is best place to start. 

If you are saving to buy a house then the lifetime ISA will be worth a look.

For longer term stocks and shares ISAs/pension is likely a good idea.

Paying off your student loan is often not the best idea. Which plan are you on? Without the overpayments are you certain you will end up paying it all back? If not you are potentially throwing money away. 

Albermarle

I have started paying off my student loans which is currently the only form of debt I have. 

A student loan is not a debt , in the normal sense of the word. For example if you do not earn above a certain amount you do not have to make any payments , which is for sure not the case with any normal loan/debt. 

Suggest you have a read of some of these articles :

https://www.moneysavingexpert.com/search/#stq=student loan