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18yo organising savings, advice and thoughts needed!

secretbeetroot · 2021-09-21 15:10:10

Hi all, I'm 18 yrs old and just about to start uni. I'm doing a 3yr undergrad course but looking to do either a postgrad course or a teaching PGCE afterwards (another 1-2yrs). I figured I'd have a look at my savings after my junior ISA matured and I'm trying to work out where to put my money, what accounts etc. I have…

Comments

Queen_of_the_Hive Posts: 1,231 Forumite

25 September 2021 at 7:53AM

@secretbeetroot have you considered setting up a stocks and shares ISA, these come with their own level of risk but you have age on your side. Investment growth better than a standard savings account. Maybe set up with minimum amount and drip feed small amounts into it as you can afford being a student. Something like Nutmeg easy to set up and manage.

2025 financial goals & challenges!

1). Mortgage (started Jan 2024) £104,822.45 / £122,400.00 Overpayment total: £1015.28 (Inc Sprive yr 1 o/p £19.16 & £55.34 reg monthly overpayment) Equity 27%

2). #7 Save 1p a day challenge 2025 £360/£780

3). £2,249.06/£3000 in Investment ISA (35/50 investments)

4). Increase cash savings & saving pots

5). Keep debt to a minimum.

Favourite quote: 'Life is like a box of chocolates, you never know what you're gunna get!' Forrest Gump
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