John Lewis bonus has arrived - now what shall i buy?

need help on spending some money - £500 tops.
I'm a 17 year old male with a car etc. so don't need that.
Are premium bonds worth looking at...?
Thanks

14 Comments

Hmmm it might no tbe the answer you are looking for but why not invest in yourself. Keep it to use on a uni or college course.

Original Poster

Leila70;1765308

Hmmm it might no tbe the answer you are looking for but why not invest in … Hmmm it might no tbe the answer you are looking for but why not invest in yourself. Keep it to use on a uni or college course.



not a bbaaaadddd idea...but it's burning a hole in my pocket lol

Premium Bonds are great

Original Poster

octobergirl;1765417

Premium Bonds are great



why?

I have £5000 worth of premium bonds have won about £200 in 5ys or so. Maybe i should invest it somewhere better.

Original Poster

waterloo;1765432

I have £5000 worth of premium bonds have won about £200 in 5ys or so. M … I have £5000 worth of premium bonds have won about £200 in 5ys or so. Maybe i should invest it somewhere better.



where would be better saving it though?

Get a cash isa. Pays around 6%. You can invest up to £3000 (soon to be £3600) each year, tax free.

Original Poster

mfc1986;1765811

Get a cash isa. Pays around 6%. You can invest up to £3000 (soon to be … Get a cash isa. Pays around 6%. You can invest up to £3000 (soon to be £3600) each year, tax free.



yeah maybe....but what should i buy?!

waterloo;1765432

I have £5000 worth of premium bonds have won about £200 in 5ys or so. M … I have £5000 worth of premium bonds have won about £200 in 5ys or so. Maybe i should invest it somewhere better.



That really is poor, not even 2% a year (which means in real terms, taking account of inflation, you've lost money. If just £3000 of that was in an ISA you would have made around £1000?

Also shows the premium bond interest rate of 3.6% to be ********, as that would have made you £900.

Banned

waterloo;1765432

I have £5000 worth of premium bonds have won about £200 in 5ys or so. M … I have £5000 worth of premium bonds have won about £200 in 5ys or so. Maybe i should invest it somewhere better.



Sounds like you should invest it elsewhere. Thats a poor return!

Original Poster

guv;1766586

Sounds like you should invest it elsewhere. Thats a poor return!



agreed

ciazman;1765418

why?



Money safe, you cant touch it, (well you can but you have to get it out of the post office - takes about 5 days, which stops you buying things you dont really need, but its there for things you do) it could win you £1M, -

I have premium bonds, not sure how much they are worth, and not won a damn thing, lol. My granddad used to buy them as Birthday presents for his Grandkids. fingers crossed i win a million, lol

Original Poster

ok so im getting the impression premium bonds are not worth it,
what shall i buy?! im thinking an esspresso machine for my room? anyone find a good deal on those? preferrably a nescafe one. thanks
Post a comment
Avatar
@
    Text
    Top Discussions
    1. Did you know?2745
    2. What do these 2 men have in common1423
    3. Just heard this...2 ★★★★★★★★★★★★★★ congrats to all on 392k ★★★★★★★★★★★★★★7764258
    4. ❅☁☁❅ I want☼to talk☼about the☔WEATHER☔no politics☃no religion❅☁☁❅18846182

    See more discussions