So here is my basic information I can answer any further questions if needed:
Age - 16
Employment - I have had a job since I was 9, and have saved all my money roughly £18,000, but now it is time for me to leave my job and focus on school full time as I am starting to fall behind due to my job. Because of this I will no longer have an income where as I currently get £680 a month. This is why I am turning to investing.
Where I live - U.K
Capital - This is a little bit confusing, but I have roughly £4,000 in an ISA I can access when I’m 18, I have roughly £12,000 accessible right now, as well as a monthly saver with about £750, I also have a separate account called a help to buy ISA for when I get a house with £1600.
TL;DR - Current Account - £12,000 Monthly Saver - £750 Help to buy ISA - £1600 18 Year old ISA - £4000
Expenses - Because I am only 16 I do not have a car and still live with my parents although I am eager to get a car when I am 17 ( in May ) and a house as soon as I can. Currently the only expenses I have is £9 a month for Netflix, and £250 a month standing order and another £200 a month standing order, into my monthly saver and help to buy isa respectively.
TL;DR - £459 a month
Objectives and Time Frame - The closest horizon I am saving up for is my first car this coming May, and will roughly cost £13000 including insurance. I would also like to make enough money to not only be able to run and use the car but still be able to save into my help to buy ISA so I can get a house.
Sorry if that is too long, any thought or opinions would be greatly appreciated and I’d love to have feedback. As I said if I didn’t explain anything clearly enough or if you have questions I will happily reply, thank you :)
Submitted November 16, 2019 at 07:11PM by Kustom-L https://ift.tt/2QtIOor
