2017 is the year of savings for many of us. We covered a lot of subjects on how to save money on various things, including the many savings you can make on monthly expenses and the family holiday this year. With 2018 just around the corner, it is time to utilise the money you have saved and start thinking about investing.
There are a lot of interesting investments you can make in 2018. The cryptocurrency market is livelier than ever and there are more investment instruments to choose from too. In this article, however, we are going to focus on the investments that will also benefit the entire family. Let’s have a look, shall we?
Your First Property
If you still rent a house or a flat, 2018 is the perfect year to consider buying your own property. There are two reasons that make this particular investment very appealing. First of all, the property market is filled with gorgeous properties at stunning prices, so you will be able to grab the dream house you have always wanted for less.
The second reason is access. There are more financial institutions and third-party services available to help you make your first property purchase. There are plenty of resources you can access online too, including services of the best conveyancing solicitors in London and other areas across the country.
You only need to look at the best deals and special offers on mortgage loans to know that owning a house is more affordable than you think. Instead of spending the money on monthly rent, you can put the same amount towards your mortgage instalment. There is also the added bonus of the property’s value going up over the years.
A Higher Degree
Even when you don’t plan to return to your career, an investment in a higher degree is very rewarding in different ways. For starters, you can pick up new and useful skills that can help you be a better mum, entrepreneur, and person in general. The value of the degree is even higher if you are planning to return to a career once the kids are old enough.
You don’t have to be a full-time student to pursue a higher degree; in fact, you shouldn’t. Online courses from top universities in the UK are both accessible and affordable. Choose a program that suits you and you’ll be well on your way to earning a master’s degree.
The Stock Market
Last but certainly not least, there is the wealth of opportunities to invest in the stock market. There are two ways you can put your money to work and buy shares. You can either buy into mutual funds with good potential returns or you can open a trading account yourself.
The latter is a bit more complicated – and requires a more hands-on approach – but it is also more rewarding. Spend enough time to learn about the best shares to buy and how the market works and you too can be a great trader from the comfort of your home.
So, are you ready for 2018? Consider these investments and strengthen the family’s finances this year.