Saving Advice

matth255

Hi,
Looking for some advice, I am not very good with financial products so wanted some advice. A little bit of background, I am 31 and currently at University, the course is expected to last another 3 years.
I currently work in between studies and have on average around £800 spare each month after bills and rent etc. I also have 3 lump payments yearly for maintenance loan of around £3000.
I am looking to increase my savings and investments for the next 3 years and then longer term and wanted some advice on the best place in order to maximise my money in the short term. I would also like to try and build up some longer term savings for retirement, my current employer I do not pay into a pension with.

I currently have the following:
Current Account - £70
Premium Bonds - £2500
Newcastle Lifetime ISA - £127.01

Thanks

eskbanker

You might find this personal finance flowchart useful, as it provides a logical structure within which to consider short and long term requirements and how best to meet them:

https://ukpersonal.finance/flowchart/

Albermarle

my current employer I do not pay into a pension with.

Why? did they not offer you the option as your pay was too low? part time maybe?

matth255

Albermarle said:

my current employer I do not pay into a pension with.

Why? did they not offer you the option as your pay was too low? part time maybe?

My pay was too low as I was working part time, I have increased hours over the summer break so I am considering contacting them to ask about being enrolled. Not sure whether it is based on a yearly forecasted salary however.