Anything you suggest we need to change here? Should we invest the cash for now until we need it next year?
with a 55%+ Inflation rate, and the Peso losing half of its value against the Euro in the last two years, this is not a recommended investment strategy I reckon.Thanks all, appreciate the response.
@Brendan I am iffy about throwing it off the mortgage at the min as when it comes to the renovation if there is unknown costs at the time we will have borrow to fill them, I also don't want to wipe out all savings for the renovation and have to start again so want 20-30k as a rainy day fund left and then once that is in place we can focus on the mortgage. Maybe for now we just sit on the cash at 0% at least that is less risky given we have only a year.
If only it was safe to put our money in an bank in Argentina and make 37.64% interest on deposit
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