Hello,
I have around 2k sitting in my current account (4k in total at the moment, but like to keep 2k as a safety net). I have roughly around 400 euro a month of disposable income a month.
I have a 2 year plan which will evolve me moving into a cheaper apt in August, as well as a potential raise in work, but basically trying to increase my disposable income as much as possible before a move to the UK in about 12 months time.
If I was staying put in Ireland, I'd just open a savings account and be done with it, but with the move to the UK, are their any smarter options such as saving money into a UK account, or even any potential long-term investment services from Ireland where I can access the money as pounds once I move back?
My main concerns are the exchange rate and charges for transferring money across from an IE account to a UK one. Would it be more prudent to save as much as I can here, and when possible just transfer money over in lump-sums when the exchange rate is favorable?
I am researching into this, but in-case there are any well-known ideas or practices that I am not aware of, it would save me alot of time.
Kind Regards,
Kai.
I have around 2k sitting in my current account (4k in total at the moment, but like to keep 2k as a safety net). I have roughly around 400 euro a month of disposable income a month.
I have a 2 year plan which will evolve me moving into a cheaper apt in August, as well as a potential raise in work, but basically trying to increase my disposable income as much as possible before a move to the UK in about 12 months time.
If I was staying put in Ireland, I'd just open a savings account and be done with it, but with the move to the UK, are their any smarter options such as saving money into a UK account, or even any potential long-term investment services from Ireland where I can access the money as pounds once I move back?
My main concerns are the exchange rate and charges for transferring money across from an IE account to a UK one. Would it be more prudent to save as much as I can here, and when possible just transfer money over in lump-sums when the exchange rate is favorable?
I am researching into this, but in-case there are any well-known ideas or practices that I am not aware of, it would save me alot of time.
Kind Regards,
Kai.