There is a hierarchy to go through on this. Before you invest in an investment product, do you: (a) pay off your credit card debt each month? If not use, your €500 pm to do this; (b) have a fixed term loan – if so, see if you can use the €500 pm to pay this off earlier; (c) have a mortgage – paying off €500 pm is the same as investing at your mortgage rate; (d) have a pension – pension rules give opportunities for tax relief. After you’ve answered these you should consider an investment policy.