Your goals
Saving for a car or a holiday
A car might be one of the first big ticket items that you are likely to buy.
A car might be one of the first big ticket items that you are likely to buy.
Saving for a car is likely to be similar to saving for a short-term emergency fund.
Work out your monthly outgoings – e.g., rent, commute, living expenses.
Work out your pay / income after tax every month.
Place any extra at the end of the month into a high interest account.
These accounts vary every month and comparison websites can be useful to find one which will pay you more than your bank. If you think that it will take you a year or so to save up enough then you could choose a fixed income stocks and shares ISA which might give you more than a cash ISA.
Information, not advice. This guide is general information to help you understand your options. It is not personal advice and not a recommendation to buy, sell or hold any investment. If you are unsure what is right for your circumstances, consider taking regulated financial advice. The value of investments and any income received from them can fall as well as rise, and investors may receive back less than they originally invested. Past performance is not a guide to future returns.