Hey,
I recently got a great job last year, and currently on a strict budget. With overtime I am flat out in work and I can save 1k a month.
I've 4k sat in the current account since I've been toying with the idea of opening a Sterling Account and try and keep a few thousand in Sterling (I might move to the UK in a year or two, and I've no faith in the Euro).
My main concern is the collapse of the Euro. I will have (hopefully) 24k in savings in two years, but there are plenty of political events happening over this period. I have family in the UK so I can always move home if it gets to bad here, and I've no idea if my 24k will mean anything if rents and house prices keep increasing, I might just move to the UK but at which point the Euro might be dead, or the pound much more stronger against it.
The only real assurance I have is to not worry if the Euro dies, the new Punt will be pegged to Sterling regardless of what happens. If anyone can clarify on that then I can at least stop worrying too much about the future and my modest pot of savings.
Regards,
Kai.
I recently got a great job last year, and currently on a strict budget. With overtime I am flat out in work and I can save 1k a month.
I've 4k sat in the current account since I've been toying with the idea of opening a Sterling Account and try and keep a few thousand in Sterling (I might move to the UK in a year or two, and I've no faith in the Euro).
My main concern is the collapse of the Euro. I will have (hopefully) 24k in savings in two years, but there are plenty of political events happening over this period. I have family in the UK so I can always move home if it gets to bad here, and I've no idea if my 24k will mean anything if rents and house prices keep increasing, I might just move to the UK but at which point the Euro might be dead, or the pound much more stronger against it.
The only real assurance I have is to not worry if the Euro dies, the new Punt will be pegged to Sterling regardless of what happens. If anyone can clarify on that then I can at least stop worrying too much about the future and my modest pot of savings.
Regards,
Kai.