Hey everyone.
My parent died recently. I was saving for a house but I've inherited his house and I'm not sure what to do with my money. I'm living pretty comfortably but I want to maximize the money to make sure I'm moving slowly losing it to inflation.
Personal details
Age:28
Spouse’s/Partner's age: 26
Number and age of children: 0
Income and expenditure
Annual gross income from employment or profession: 65k
Annual gross income of spouse: 28k
Monthly take-home pay 3413
Type of employment: e.g. Civil Servant, self-employed: civil servant
In general are you:
(a) spending more than you earn, or
(b) saving?
I'm saving more than half of my take home pay. 500 into credit union and 1500 into savings account.
Summary of Assets and Liabilities
I own my house alone worth around 340000, no mortgage.
Cash of around 250k separated into 2 banks. Planning in putting a fair amount into bunq for 2% annual interest.
Contribute 12%to pension, planning on maxing to 15%
211 Car paid off
Family home mortgage information
N/A, no mortgsge
Other borrowings – car loans/personal loans etc
Don't have any debt, no CC.
Buy to let properties
N/A
Other savings and investments:
Do you have a pension scheme? I contribute 12%, company contributes 10%.
Do you own any investment or other property? No
Other information which might be relevant
Life insurance: N/A
I'm looking for any advice anyone can give? I've already invested around 50k into the house to bring it up to date. Not sure where to go from here. Any advice very much appreciated.
My parent died recently. I was saving for a house but I've inherited his house and I'm not sure what to do with my money. I'm living pretty comfortably but I want to maximize the money to make sure I'm moving slowly losing it to inflation.
Personal details
Age:28
Spouse’s/Partner's age: 26
Number and age of children: 0
Income and expenditure
Annual gross income from employment or profession: 65k
Annual gross income of spouse: 28k
Monthly take-home pay 3413
Type of employment: e.g. Civil Servant, self-employed: civil servant
In general are you:
(a) spending more than you earn, or
(b) saving?
I'm saving more than half of my take home pay. 500 into credit union and 1500 into savings account.
Summary of Assets and Liabilities
I own my house alone worth around 340000, no mortgage.
Cash of around 250k separated into 2 banks. Planning in putting a fair amount into bunq for 2% annual interest.
Contribute 12%to pension, planning on maxing to 15%
211 Car paid off
Family home mortgage information
N/A, no mortgsge
Other borrowings – car loans/personal loans etc
Don't have any debt, no CC.
Buy to let properties
N/A
Other savings and investments:
Do you have a pension scheme? I contribute 12%, company contributes 10%.
Do you own any investment or other property? No
Other information which might be relevant
Life insurance: N/A
I'm looking for any advice anyone can give? I've already invested around 50k into the house to bring it up to date. Not sure where to go from here. Any advice very much appreciated.