What can i do with Ј500

A question about : What can i do with Ј500

Hello fellow forum users

i currently have Ј500 a month disposable income (minimum) and was wondering what i could do with it. i currently have Ј250 a month going into my ISA so should i increase that to Ј750 until my ISA is maxed?

Thanks

Best answers:

• Earn 6% AER with regular savers https://forums.moneysavingexpert.com/...d.php?t=608697
  or 3-5% AER with current accounts https://www.moneysavingexpert.com/sav...-best-interest . Cash ISAs are very unlikely to be your best option.
• How are your pension provisions? Have you thought about investing in a S&S ISA to grow future wealth?
• What ISA do you already have? What about pension or other savings? If your employer will match your pension contributions then you can't do much better than doubling your money immediately.
• Interest rates p1ss poor, may as well go with tax free Premium Bonds......rates between s0d all and 1 million.
  Longer than 5 years drip feed in to gold. VAT free going in, and if you go with UK legal tender coins CGT free coming out........Ultimate tax free investment.
  ..._
• Fill up two or three high interest current accounts (TSB - Ј2000 * 2 @4.89%, Club LLoyds - Ј5000 @3.93% but needs 2 * Direct Debits). That should net you a good return. Make sure your isa is market leading and shove all monthly interest from those accounts and surplus disposable income into that.
  It might be worth mentioning how much you've already got tucked away, if you have any debt, if you are happy with more risk and if you're likely to need access to your cash. That would enable the bods on here togive you more tailored advice. Are you saving for anything specific? Mortgage, retirement, round-the-world holiday?