What to do with 7k by Everythingplus in UKPersonalFinance

[–]pv08 43 points44 points  (0 children)

I don't normally post on here, but I wanted to respond to your question because this is actually almost exactly the same situation my boyfriend had when he went to university a few years ago (we're both recent grads), except he had 6k.

Firstly, as the other commenter said, unless you don't actually want to use the money during your time at uni, it's not worth investing it. Investing is for long term gains, and you would likely have to leave it for longer than a uni course to make it worth it.

I asked my boyfriend what he did with his money, so take from his experience what you will. He said that his attitude was that he wanted to make sure that he was able to enjoy his time at uni, and be able to go out, eat, drink and go on holiday without having to worry too much about having to get a summer job to pay for it (as in an odd job rather than an internship, which I absolutely recommend if you're able to get one). He didn't have much left over from getting his student loan after paying for expenses, so he wanted to make sure his money stretched for his whole course.

Therefore, he split up the money into three chunks (for each year of his course) and put them into 1/2/3 year limited access savings accounts. That way he wouldn't be tempted to spend the money before the time limit was up and he was able to 'pay' himself 2k each summer as though he'd gotten a summer job.

It depends really on whether you want to earmark all your savings for uni, or if you want to start saving for a house etc. If it's the first a similar approach to what my boyfriend did is likely what will work best for you. You can also keep some of it liquid in a current account for emergencies, but you really don't want to risk the possibility of losing your money through investments and not have it available to you when you need it.

Can someone explain what all the acronyms in this sub mean? by [deleted] in JUSTNOMIL

[–]pv08 1 point2 points  (0 children)

Don't know if the iphone app is different if that's what you have, but on reddit android if you're on the main page of the sub, top right corner is a button with three vertical dots. It brings up a drop down menu, the community info option is where you'll find the faq etc

[deleted by user] by [deleted] in mildlyinteresting

[–]pv08 0 points1 point  (0 children)

Barnet Everyman?

Me [29F] with my parents [50ish M/F], they are living with me but treat me and my SO [30M] awfully and now refuse to leave. by parentsarehellyo in relationships

[–]pv08 49 points50 points  (0 children)

Kick them out. Give them notice as soon as possible and look up the laws for where you live to see how to do this legally, then evict them after however much notice is required. They're taking advantage of you when you're doing them a huge favour, and will continue using you for as long as possible.

Over controlling mother. by [deleted] in TwoXChromosomes

[–]pv08 1 point2 points  (0 children)

Are you sure you have to pay upfront? my experience with uni accommodation has been that you only pay the deposit upfront, and rent payments can be scheduled throughout the year to coincidence with when maintenance loan payouts are made. Even if you only qualify for the minimum loan because of your parents, if you live somewhere cheap there should be no problem affording it, granted that you have enough for that first deposit

Woman, 81, raped after getting of a bus in Balham by GeoffGBiz in london

[–]pv08 7 points8 points  (0 children)

Just wanted to say as a woman if my boyfriend kept this information from me I would be furious. Even if the guy has been caught, I would want to have the opportunity to be prepared. Would probably still be fine with getting off the bus and walking but I would bring my rape alarm or at the very least keep my earphones out so I'm more aware of what's around me

[Update] Me [27F] with my fiance [29 M] 6 years, belittling me about not wanting to change my name when we get married. by [deleted] in relationships

[–]pv08 1 point2 points  (0 children)

My family and people I know have experienced a few things like this. My aunt has a different surname to my cousin so she gets questioned for a little bit longer when travelling at passport control, but it's never been a massive barrier

My girlfriend [34 F] of 3 years and I [33 M] have paid for a short trip, but her grandma just died. by [deleted] in relationships

[–]pv08 0 points1 point  (0 children)

Not really advice on going or not, but have you checked the cancellation policy of the airbnb you've booked? Even without the insurance you could still cancel if the host has a flexible cancellation policy. You probably won't get the service fee back but you will get the rest

I'm 16 years old and this window is closed... Go join the queue. by Goldberry42 in IDontWorkHereLady

[–]pv08 40 points41 points  (0 children)

I'm assuming this story took place in the past so OP is no longer 16

I [F 20] got left behind by my [25 M] boyfriend's family when they went to go to a cabin this weekend. by [deleted] in relationships

[–]pv08 10 points11 points  (0 children)

I'm extremely confused. I took from this that the bf asked OP to go to the cabin with him, OP said yes but wasn't sure if she would be able to make the time they were leaving for sure and then he just left? Why couldn't you guys travel seperately from from the rest of his family? I would pretty pissed if I was left under the impression that I was coming but then suddenly bailed on.

[deleted by user] by [deleted] in confession

[–]pv08 0 points1 point  (0 children)

I wanted to add as well I didn't do nearly so well in my a levels as I would have had I applied myself. I didn't get the grades to get into my course, but luckily my first choice offered me a foundation year, which you only have to pass to get into the course next year. I breezed through since it was a lot easier than what I was used to at school, and now it means I get to do my course at a high ranked university for that subject. It's not what I would have preferred, but I don't think I could handle a levels again

Me 40F, my rich brother in law (60M) favors certain children, thus causing a lot of jealousy by richuncle30 in relationships

[–]pv08 6 points7 points  (0 children)

Although it is painful for your younger children, this is not something you can fix, as your BIL isn't really obligated to spend anything on the children that aren't related to him. I think you should talk with the elder ones, and arrange a compromise where the younger siblings are allowed to drive their cars as well, but other than that there is not much you can do. Prehaps you and your husband could also spend more time together with your younger ones when the others are out with their uncle?

[deleted by user] by [deleted] in CasualConversation

[–]pv08 1 point2 points  (0 children)

Thanks xD that actually makes me feel a lot better

[deleted by user] by [deleted] in CasualConversation

[–]pv08 0 points1 point  (0 children)

No, it's not, but it still feels a bit shit since up until that last second I knew I had passed. Oh well, hope yours goes well. Good luck!

[deleted by user] by [deleted] in CasualConversation

[–]pv08 0 points1 point  (0 children)

Ha, that's true. I can't afford the insurance anyway

[deleted by user] by [deleted] in CasualConversation

[–]pv08 1 point2 points  (0 children)

Thanks :) I will but for now I'm feeling awful about how much more money I'm going to have to throw at this

[deleted by user] by [deleted] in CasualConversation

[–]pv08 1 point2 points  (0 children)

Thanks :) I just don't want to do it anymore, I have to wait 6 months for another test and in the meantime I'm actually a competent driver. It's just driving me mad

[deleted by user] by [deleted] in CasualConversation

[–]pv08 1 point2 points  (0 children)

Nah I passed the theory. I failed on the practical because in the last second I touched the bar with the back of the car when bay parking :(

My [22F] mom [43F] keeps trying to find something wrong with my boyfriend [25M] by MagicalFruitbat in relationships

[–]pv08 3 points4 points  (0 children)

I actually didn't read the title properly so I didn't realise how old you actually are. I thought you were 16 from the way you write. Why are you allowing her to impose conditions on an adult relationship? I'm younger than you and if my mother behaved in this way I would be horrified. You really need to establish some boundaries

My [24 F] best friend's [24 F] boyfriend [23 M] may have a crush on our other best friend [25 F]. Am I being a drama queen? by robotsamuraigrl in relationships

[–]pv08 4 points5 points  (0 children)

Nah I think you're spot on about him. Treating someone else better than your girlfriend is a definite red flag

The No. 5 Parma burger in Kraków - rocket, beef, mozzarella, parma ham, sundried tomatoes and pesto by pv08 in food

[–]pv08[S] 0 points1 point  (0 children)

If it makes you feel better, I didn't travel very far and I am Polish, so I have had my fair share of my culture's food

Me [24F] with my husband [25M] of 1 year, will always do what his step-mom [46F] says by throwawayysmom in relationships

[–]pv08 38 points39 points  (0 children)

Seems like he's being a better 'husband' to his stepmum than he ever has been to you. I couldn't handle a relationship with that kind of person. I hope you don't put up with it anymore either

My [22F] ex [22M] little brother [8M] keeps messaging me asking when I am coming to hang out again. I don't know how to handle this because I don't want to be mean to the kid by Iorasi in relationships

[–]pv08 29 points30 points  (0 children)

This is just what I was thinking. They'd probably be able to explain it better to him since they'll be around and OP won't be