Your thoughts on how to structure my savings?
Discussion
Hi,
I am 30 and earn 52k a year (vital information for this thread) and have 65k in savings split across easy-access isa and a stocks and shares isa. I invest the bare minimum in my pension, have a mortgage for a BTL property (repayment) and just spent just less than 20k doing up my house this year (only got to do stairs carpet and blinds!). Also, no student loan debt (paid off) and no credit card debts etc.
So a good situation.
Question is, how should I now invest/structure my incomings? I usually have 2k left a month after all bills are paid. As some of you may know, I plan to buy a GT-R in about 6-9 months, with the aim to have 25k left in savings (so I need to wait for a bit). Or should I start investing in my pension? I am young so my logic is to enjoy life now and wait a few years (if I get the car it's second hand and in cash to own it outright) and then sell it (they're holding their value really well) after 2-3 years and then start paying off my mortgage or saving into my pension - so there's plenty of time - I think! I doubt I'd retire at 55, atm I would prefer to work longer!
Your thoughts appreciated!
I am 30 and earn 52k a year (vital information for this thread) and have 65k in savings split across easy-access isa and a stocks and shares isa. I invest the bare minimum in my pension, have a mortgage for a BTL property (repayment) and just spent just less than 20k doing up my house this year (only got to do stairs carpet and blinds!). Also, no student loan debt (paid off) and no credit card debts etc.
So a good situation.
Question is, how should I now invest/structure my incomings? I usually have 2k left a month after all bills are paid. As some of you may know, I plan to buy a GT-R in about 6-9 months, with the aim to have 25k left in savings (so I need to wait for a bit). Or should I start investing in my pension? I am young so my logic is to enjoy life now and wait a few years (if I get the car it's second hand and in cash to own it outright) and then sell it (they're holding their value really well) after 2-3 years and then start paying off my mortgage or saving into my pension - so there's plenty of time - I think! I doubt I'd retire at 55, atm I would prefer to work longer!
Your thoughts appreciated!
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