How to invest £1,000

This is what I would do with £1,000.

So you’ve saved up £1,000? Not know what to do with it?

It’s going to be different for each person’s circumstance situation. I’ve outlined three vastly different conditions and decrypt where your money should be going. Everybody’s situation is different and if you’re personally going to take this on you might want to twist or change a few of the numbers or categories I use. The principle is and stays the same throughout.

I’m no financial advisor

Photo by Viacheslav Bublyk on Unsplash

Remember that this is £1,000 saved — this is all extra money after you pay all your bills and food and subscriptions or car payments etc.

Stage 1 —

The average adult in the UK has £31,000 in debt. So for this first ‘stage’ is going to be running on that idea.

£500 into BAD debt.

To understand what I mean by bad debt, take a look at the below article.

The Three Kinds Of Debt