I have been thinking a lot lately about what to do about money for the future. I do not have a pension scheme and although my husband does, I am not sure that it will be enough for us in retirement. He does say that he does not want to retire, but it would be great to have some time where we could take holidays and see a lot of our gran children, help our children out and things like that. However, with no money, then we will not be able to do this.
I write a lot about finance, on this blog and for other people and so I know a lot of ways that we could save or invest, but I am still not satisfied with any of them. I know that paying off our mortgage is still the best thing to do first as that is costing us money each month. However, we are making more on our investments than we are paying in interest on it at the moment and so keeping the money we have saved where it is, is a good plan.
However, I am still considering the future. I am wondering whether to keep money in premium bonds, start a private pension fund, save a lump sum, invest in the 2012 silver eagle coin, buy gold, get a buy to let property or what?! It is a tough decision.