index | back page

Savings and investment

1. Am I happy with my understanding of the differences between 'saving' and 'investing'?

2. Am I happy with my understanding of the difference between the concepts of investments, savings accounts and deposit accounts?

3. To meet the demands of these financial milestones, do I need to save regularly? Borrow closer to the time? Rearrange my current plans?

4. What can I afford to put aside, and when?

5. If I commit to a regular monthly payment, can I keep it up?

6. Apart from known spending occasions, what should I put aside for the 'rainy day'?

7. How secure do I want my money to be? Should everything be in relatively safe deposit accounts, or can I afford to accept some risk for the chance of a better investment return?

8. If instant access to my money means a slightly lower return, how do I decide on the balance between instant access and a better return?

9. Am I happy with any (relevant) investment or savings contract, or should I consider only ethical investments?

REMEMBER You should not use any information contained on this page as the basis of any action until you have discussed matters with your financial adviser.