Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search

Results: Putting money away... whats the best option?

Savings Account (ISA etc)

40.00% • 6 votes

Investment (shares / property etc)

46.67% • 7 votes

Premium Bonds

13.33% • 2 votes

You may not vote on this poll

15 votes in total.

  • FIRST POST
    • GF54CUR
    • By GF54CUR 10th Feb 19, 1:02 PM
    • 2Posts
    • 1Thanks
    GF54CUR
    Starting to Save!!!!
    • #1
    • 10th Feb 19, 1:02 PM
    Starting to Save!!!! 10th Feb 19 at 1:02 PM
    Having managed our way successfully out of debt over the last few years, we are now in the position to think about savings and investments. We can comfortably afford to save a few hundred pounds each month. Where is the best place to do this? What would also be best savings Vs investment.
Page 1
    • Alexland
    • By Alexland 10th Feb 19, 1:37 PM
    • 4,886 Posts
    • 4,216 Thanks
    Alexland
    • #2
    • 10th Feb 19, 1:37 PM
    • #2
    • 10th Feb 19, 1:37 PM
    Start with a cash emergency pot using a 5% regular saver with easy access such as Nationwide.
    • jimjames
    • By jimjames 10th Feb 19, 3:27 PM
    • 13,207 Posts
    • 12,231 Thanks
    jimjames
    • #3
    • 10th Feb 19, 3:27 PM
    • #3
    • 10th Feb 19, 3:27 PM
    The poll maybe isn't the best set of options. You have ISA as savings yet the only ISA really worth having in my view is an investment one. Stock market investments and property don't really come under the same heading if you are starting with a few hundred pounds.

    As above it's definitely worth using regular savers to build up your cash emergency funds before starting to look at other options which might also include pension
    Remember the saying: if it looks too good to be true it almost certainly is.
    • Mnd
    • By Mnd 11th Feb 19, 11:11 AM
    • 1,175 Posts
    • 1,725 Thanks
    Mnd
    • #4
    • 11th Feb 19, 11:11 AM
    • #4
    • 11th Feb 19, 11:11 AM
    What are your pension arrangements
    • Thrugelmir
    • By Thrugelmir 11th Feb 19, 1:31 PM
    • 62,850 Posts
    • 55,824 Thanks
    Thrugelmir
    • #5
    • 11th Feb 19, 1:31 PM
    • #5
    • 11th Feb 19, 1:31 PM
    Spread your money. Emergency pot, longer term savings pot (for big ticket items) and pension. If you have a mortgage overpay a little too. The less you borrow the less interest you'll pay.
    "The most dangerous thing is to buy something at the peak of its popularity. At that point, all favourable facts and opinions are already factored into its price and no new buyers are left to emerge.Ē" - Howard Marks
    • george4064
    • By george4064 11th Feb 19, 1:37 PM
    • 1,124 Posts
    • 1,131 Thanks
    george4064
    • #6
    • 11th Feb 19, 1:37 PM
    • #6
    • 11th Feb 19, 1:37 PM
    Establish an emerging savings pot (circa 3 months of expenditure, up to you though) and then save money in accounts here: https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/
    "If you arenít willing to own a stock for ten years, donít even think about owning it for ten minutesĒ Warren Buffett

    Save £12k in 2016 - #045 £10,358.81/£12,000 (86%)
    Save £12k in 2017 - #003 £12,427.51/£12,000 (104%)
    Save £12k in 2018 - #004 £5,529/£12,000 (46%)
    • GF54CUR
    • By GF54CUR 12th Feb 19, 7:44 AM
    • 2 Posts
    • 1 Thanks
    GF54CUR
    • #7
    • 12th Feb 19, 7:44 AM
    Pension Covered
    • #7
    • 12th Feb 19, 7:44 AM
    Between my wife and I we put 20% of our monthly salary in to our pension pot. We are both in education so this is a government backed scheme.
    Last edited by GF54CUR; 12-02-2019 at 7:44 AM. Reason: Typo
    Thanks for all you help and advice.

    GF54CUR
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,466Posts Today

5,464Users online

Martin's Twitter
  • Have a great Easter, or a chag sameach to those like me attending Passover seder tomorrow. I?m taking all of next? https://t.co/qrAFTIpqWl

  • RT @rowlyc1980: A whopping 18 days off work for only 9 days leave! I?ll have a bit of that please......thanks @MartinSLewis for your crafty?

  • RT @dinokyp: That feeling when you realise that you have 18 days of work and only used 9 days of your annual leave! Thanks @MartinSLewis h?

  • Follow Martin