Advice 70k savings living in HMO @35

Advice 70k savings living in HMO @35

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robyorkshire

Original Poster:

1 posts

4 months

Sunday 7th January
quotequote all
Currently living in HMO house share have no debt
Have 65k in savings account chase and currently at 5k in premium bonds. Last 6 months only £25. works out about 100ish a year no big prizes.
Present salary around 40-45k varies panel beater. Pensions standard min contributions have about 15k pot. Now pensions. Looks like they lose money each year rather than make the pot increase.

Get about 220 p/m from savings account not in any ISA, worried by PAYE take home will change next year.

@35 only 70k savings is pretty piss poor but is what it is, wouldn't even buy a flat. But do have my T5 camper.

Jobs in Europe as LTD paid weekly but with just British passport max 3 months out of 6. Tempted then 3 months in UK as LTD Then repeat. Have zero idea how this works in setting up as agency say i have to do this myself and they offer no financial advice.

Feel as if treading water at present just existing with no plan.