R
Rouge
Guest
Hi,
I'm in my early twenties and will soon be inheriting money. After I treat myself and pay off a loan, I will have approx €40,000.
I'm hoping to use this money as a deposit on a house. I have just entered the world of work so obviously don't have enough money to get a mortgage just yet, so I wish to save the money til then. I am pretty risk adverse and am financially competant (I just finished a degree in Financial Maths, but this doesn't help all that much in the real world!).
I'm looking for advice on what I should do with the money. I know I could just stick it into an account and get 4%ish, are there any better ideas? I don't want to commit to an overly long term as I am in a good career and hope to be able to afford a mortgage in the next few years (well 5ish, hopefully before!).
I'm pretty clueless when it comes to other products so I would appreciate advice.
Thanks!
I'm in my early twenties and will soon be inheriting money. After I treat myself and pay off a loan, I will have approx €40,000.
I'm hoping to use this money as a deposit on a house. I have just entered the world of work so obviously don't have enough money to get a mortgage just yet, so I wish to save the money til then. I am pretty risk adverse and am financially competant (I just finished a degree in Financial Maths, but this doesn't help all that much in the real world!).
I'm looking for advice on what I should do with the money. I know I could just stick it into an account and get 4%ish, are there any better ideas? I don't want to commit to an overly long term as I am in a good career and hope to be able to afford a mortgage in the next few years (well 5ish, hopefully before!).
I'm pretty clueless when it comes to other products so I would appreciate advice.
Thanks!