Is £28,000 bank balance good for 24?

I have been working for nearly 2 years and have said amount saved up.

Can somebody give me some genuine advice on what to do with it?

Keep saving or spend? For/on what?

Reply 1

Linalolo

19

it is very good wtf. Alot of middle aged people dont even have that in their bank accouts. Save it for bigger and permanent spendings aswell as for a rainy day.

Reply 2

gjd800

20

I'm 31 and have 12 quid in the bank.

Reply 3

jay2013

17

Go on a bender and blow the lot over one weekend. Go big or go home!

Reply 4

Anonymous #2

I have £8 in my bank account and I am planning on surviving with that for the next week ... no joke

Can I verify it 😉

Original post by Linalolo

it is very good wtf. Alot of middle aged people dont even have that in their bank accouts. Save it for bigger and permanent spendings aswell as for a rainy day.

Save it? Nah, got to get down to the local dealership and get yourself a nice car!

Reply 7

Linalolo

19

Original post by jay2013

Save it? Nah, got to get down to the local dealership and get yourself a nice car!

you crazy lol

buy 27 Iphone XR's

Original post by Linalolo

you crazy lol

https://www.autotrader.co.uk/classified/advert/201810241791494?radius=1500&postcode=cr02wf&onesearchad=Used&onesearchad=Nearly%20New&onesearchad=New&price-to=27500&sort=price-desc&advertising-location=at_cars&page=1

Look at this beauty! And only £27,500! Bargain!

Reply 10

Linalolo

19

I mean... It's OK.... The interior is a bit tacky and it looks like a wanna-be corvette. If he saves up he can get a real corvette/mustang.. Or spend it on bills and travel the world or the deposit on a nice house

Original post by jay2013

https://www.autotrader.co.uk/classified/advert/201810241791494?radius=1500&postcode=cr02wf&onesearchad=Used&onesearchad=Nearly%20New&onesearchad=New&price-to=27500&sort=price-desc&advertising-location=at_cars&page=1

Look at this beauty! And only £27,500! Bargain!

Reply 11

fashmone

2

Tbh that’s good for someone your age compared to most people . However I think this is the wrong place to come for financial advice . I would recommend you to get yourself financially literate . I don’t know you so I can’t give you the best advice however I would recommend you to learn a skill and go in to the entrepneurship world if that’s what you fancy . Otherwise you can invest that money in to a bond with a compound interest of 3% a year that should be a lot of money once you’re in your 50s . Or you could make more money and buy a property and rent it out if you do not have other debts . If you have any debts PAY THEM OFF NOWW as it doesn’t matter what money you have saved up if you’re still being held back by debts . I would record you to read bios like rich dad poor dad and just learn more about finance and how to manage money . Do you like your job ? Do you want to do something Else in life ? I am just 16 but I am invested in the entrepreneurial world I have a couple of online stores that do alright .

Reply 12

username4316350

17

quit ur job and go travelling for a long time
ur 20s shouldnt be a time to go safe and practical its time go massive risk cos the baggage isnt there yet

Reply 13

toonervoustotalk

20

Original post by jay2013

https://www.autotrader.co.uk/classified/advert/201810241791494?radius=1500&postcode=cr02wf&onesearchad=Used&onesearchad=Nearly%20New&onesearchad=New&price-to=27500&sort=price-desc&advertising-location=at_cars&page=1

Look at this beauty! And only £27,500! Bargain!

eww
or buy a C63 when it actually used a 6.2 litre engine :heart:

Reply 14

username917703

17

Another 'look at me' thread.

No £28k is shite :rolleyes:

Reply 15

Duncan2012

19

Go travelling. Somewhere where nobody cares about humblebrags.

Reply 16

jay2013

17

Original post by Linalolo

I mean... It's OK.... The interior is a bit tacky and it looks like a wanna-be corvette. If he saves up he can get a real corvette/mustang.. Or spend it on bills and travel the world or the deposit on a nice house