7 Thoughts on I will be debt free in one month and have £30,000 in savings. What should I do then?
  1. Reply
    Terrence B Knows
    August 6, 2011 at 12:17 am

    keep saving

    decide what you need in your life

    a home or something

    don’t blow your money

    maybe invest some into some cd’s or mutual funds

  2. Reply
    hi k
    August 6, 2011 at 1:08 am

    Invest in some shares

  3. Reply
    lizzgeorge
    August 6, 2011 at 1:56 am

    Good for you! Since you won’t be making debt payments anymore, I’d take that money and save it each month. Divide your savings between short term and long term goals: put part in stock funds for long term goals and part in cash/bonds for shorter term goals.

    I’m not sure how retirement happens in Europe, but if you have access to tax advantaged accounts, I’d make sure I was utilizing them to the fullest first and foremost.

  4. Reply
    Monstblitz
    August 6, 2011 at 2:34 am

    Congratulations! Debt free is a great position to be in. Stay that way. Keep saving. Maybe invest some of your money into income producing assets. Real Estate is a great place for that.

  5. Reply
    SMILEVERYDAY
    August 6, 2011 at 3:03 am

    SAVE your $ !- you can do something for you to reward yourself for your hard work in paying off your loans….but nothing too big.

  6. Reply
    judy b
    August 6, 2011 at 3:26 am

    celebrate

  7. Reply
    Laverne D
    August 6, 2011 at 4:15 am

    keep saving and invest in the stock market towards retirement..

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