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deathstarkil
Guest
In the past I have not been good with money. I'm looking for advice on what to do for the future. I have no experience or knowledge of investing.
I'm 34 and single.
I get paid 560 a week and after rent and bills I'm usually left with about 360 of which I pay 220 to the credit union (split between saving and loan) leaving me with 140 for myself. I owe the credit union about 20,000 and have 17,000 savings.
I have just received a settlement for an accident I had a few years ago and after paying off my loan and adding what's left to my savings I will be left with approx. 50,000. I will receive this money in a few weeks.
From then on the 360 of my wages are all mine.
I was thinking of buying a house but it's not easy buying a house on your own and the idea of getting into so much debt again has put me off. In the next say ten years or so there is a house I will inherit but I don't like to think about that because it's when my Grandfather dies. Sometimes I wish he hadn't told me about it.
I was looking at Rabodirect and thinking of investing maybe 10 or 20 thousand and leave the rest in the credit union or some other bank with a decent interest rate. I could then comfortably save 120 to 150 a week split between Rabodirect and the 30/40 thousand in the credit union. I could probably leave it like that for 10 years or so, maybe more.
Any advice/thoughts appreciated.
I'm 34 and single.
I get paid 560 a week and after rent and bills I'm usually left with about 360 of which I pay 220 to the credit union (split between saving and loan) leaving me with 140 for myself. I owe the credit union about 20,000 and have 17,000 savings.
I have just received a settlement for an accident I had a few years ago and after paying off my loan and adding what's left to my savings I will be left with approx. 50,000. I will receive this money in a few weeks.
From then on the 360 of my wages are all mine.
I was thinking of buying a house but it's not easy buying a house on your own and the idea of getting into so much debt again has put me off. In the next say ten years or so there is a house I will inherit but I don't like to think about that because it's when my Grandfather dies. Sometimes I wish he hadn't told me about it.
I was looking at Rabodirect and thinking of investing maybe 10 or 20 thousand and leave the rest in the credit union or some other bank with a decent interest rate. I could then comfortably save 120 to 150 a week split between Rabodirect and the 30/40 thousand in the credit union. I could probably leave it like that for 10 years or so, maybe more.
Any advice/thoughts appreciated.