So due to various personal circumstances I am soon going to find myself no longer on the property ladder. (Not for financial reasons)
The bonus of this however is that I will be 100% utterly and completely debt free. No credit cards, no loans. It is something I am excited for.
So, the aim is to get back on the property market within 5 years.
I am going to save until I have a lump sum as my backup finances which will be enough to cover 3 months worth of wages. That’s probably going to take me 12 months.
After that however I am unsure of what to do with my savings.
Investing in the stock market (please feel to correct if I am wrong) is more of a long term option. I am wondering what the best mid term option would be. Interest rate’s are low so surely it cannot be just putting the money into savings and ISA’s? Is there something more that could be done to make the money work for me?