Hey guys I’m 26 on 58.5k salary , I take home roughly £3800 per month.
I have spare at the end of each month £2500.
I am currently putting £330 a month into LISA (700 balance currently and £1500 into a 4.5% interest savings , the rest is just going into a low interest saver.
I have 1000 in my emergency fund and 1500 in the 4.5% savings.
My near term goal is to get a car, roughly 14k which I would be willing to put 50% down payment on and get a loan for the rest. (Next 6 months)
My goal in the next two years is to put a deposit on a house with my SO. My Lisa will be at 10k by that point but I’d like to have at least 20k for my side of the deposit.
I also want to invest, like soon as possible. But this is money I will not touch so would be best off in a s&s ISA.
I’ve recently paid off a boat load of debt and this is my first debt free month having all this spare cash.
I’m wondering what your guys opinion is , I’ve asked ai that much that I’d rather a humans opinion! Thank you.
(Ps. I can comfortably live while still saving 2.5k so no chance of saving less than that per month until I get the house.