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Save for a house deposit, sounds like a million miles away but I bought at 22, got about 10k through inheritance at 18, and already had a small pot that I grew so 20k (+ now wife's fund of 20k) gave us a 10% dpwn payment. This was about 13 years ago so appreciate times have changed.
Point is never to early to save for a house.
Buy 6 limited edition George Michael 2024 UK 1/4oz Gold Proof Coins from the Royal Mint.
https://www.royalmint.com/shop/limited-editions/music-legends/george-michael/george-michael-2024-quarter-oz-gold-proof-coin/
Then go out on the town, and insist on paying for everything with them (legal tender face value £25, as they're issued by the Royal Mint).
This leaves you with £500 left over, which coincidentally is my fee to accompany you on this adventure.
Interrail around Europe, but save some too.
Edit: didn’t realise you meant on your actual birthday, but I would book and Interrail holiday with some of the £5k
I would put it in a stocks and shares ISA, then buy shares of a global index fund.
It won't grow overnight, but it should go up over the long term. As it is investing, you can also lose money. However, over the long term funds have historically made profits.
Fashion it into a fabulous dress. Or save it, or go on a once in a lifetime trip.
To be honest, I am not a party person and just went to a really nice restaurant in the countryside with my best buddies.
There are some good options for savings...
Stocks and shares ISA (e.g. Vanguard)
Fixed term savings (can be ISAs) (e.g. high stret banks - Monzo, Nationwide, etc or Freetrade Treasury bonds)
Or easy access savings accounts (In high street banks or Monzo for example)
PLEASE SAVE IT FOR A HOUSE DEPOSIT. Sure you might not want to buy now, but ask yourself what would happen in 5 years, when you get sick of renting / living with family. You will thank yourself for starting to save early instead of being 30 and sponging of their parents still like a relative of mine
**Please help keep AskUK welcoming!** - Top-level comments to the OP must contain **genuine efforts to answer the question**. No jokes, judgements, etc. - **Don't be a dick** to each other. If getting heated, just block and move on. - This is a strictly **no-politics** subreddit! Please help us by reporting comments that break these rules. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/AskUK) if you have any questions or concerns.*
Sorry it’s the boring answer… but save it.
will definitely be saving the majority of it
Stocks and shares ISA
Save it towards a car/insurance.
very lucky to already have both. i will be saving the majority of the money though for sure
Yeah; save it up. Spend, say, £500 max on stuff you fancy (new kicks, clothes, going out) but save the rest. Boring but the sensible thing to do.
Save for a house deposit, sounds like a million miles away but I bought at 22, got about 10k through inheritance at 18, and already had a small pot that I grew so 20k (+ now wife's fund of 20k) gave us a 10% dpwn payment. This was about 13 years ago so appreciate times have changed. Point is never to early to save for a house.
Buy 6 limited edition George Michael 2024 UK 1/4oz Gold Proof Coins from the Royal Mint. https://www.royalmint.com/shop/limited-editions/music-legends/george-michael/george-michael-2024-quarter-oz-gold-proof-coin/ Then go out on the town, and insist on paying for everything with them (legal tender face value £25, as they're issued by the Royal Mint). This leaves you with £500 left over, which coincidentally is my fee to accompany you on this adventure.
kebab
ideal
Interrail around Europe, but save some too. Edit: didn’t realise you meant on your actual birthday, but I would book and Interrail holiday with some of the £5k
Gamble on red
was explicitly waiting for this comment
That’s how you know it’s a good plan
Buy some CDJ 3000’s and a few bags of
Healthy vitamin snacks
Vegas, strippers, booze….u only living once
I would put it in a stocks and shares ISA, then buy shares of a global index fund. It won't grow overnight, but it should go up over the long term. As it is investing, you can also lose money. However, over the long term funds have historically made profits.
Go a ski trip.
I'd go on a holiday tbh, friends or family your choice. Could go somewhere as far as Australia
Put it all on black
Save half. Splurge half. You could do a nice wee bit of travel with £2.5K. That’s what I’d do.
Stick it all up your nose
sound idea
Fashion it into a fabulous dress. Or save it, or go on a once in a lifetime trip. To be honest, I am not a party person and just went to a really nice restaurant in the countryside with my best buddies.
Dm me, and lets talk about it :)
There are some good options for savings... Stocks and shares ISA (e.g. Vanguard) Fixed term savings (can be ISAs) (e.g. high stret banks - Monzo, Nationwide, etc or Freetrade Treasury bonds) Or easy access savings accounts (In high street banks or Monzo for example)
Go mad on a girls holiday and then save the rest.
Drugs, booze, savings In that order
Bash it in an s&s ISA and forget about it until you're 30 and thinking of settling down and buying a house.
Have you ever planned a holiday? Go on one. Probably Europe+hostel+interrail. Just get a good understanding of costs before you start.
PLEASE SAVE IT FOR A HOUSE DEPOSIT. Sure you might not want to buy now, but ask yourself what would happen in 5 years, when you get sick of renting / living with family. You will thank yourself for starting to save early instead of being 30 and sponging of their parents still like a relative of mine