Friday, August 10, 2007

Making the most out of your money by guest writer Michelle D'Arcy

While you are in between investments in your turn £1 to £1m project you may have some of the cash hanging around in your current account or even as cash. Remember that it is always a good idea to make money out of it, even if it is just for a few days. Open an ISA as you can put in up to £3000 a year and you can take it out whenever you want. If you get it with the same bank as your current account you can transfer the money instantaneously to spend it on the next project. If you have too high values for an ISA put it in a normal savings account. Even over a few days you can earn a few pence, and even the small amounts count, towards reaching your goal quicker. REMEMBER IF YOUR ISA IS A STOCKS AND SHARES ISA THEN THE TOTAL VALUE CAN GO DOWN AS WELL AS UP.

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