Hi @playfulfoodie !
This is a good point, sometimes I feel I want to know everything about something before doing anything. If it's a mortgage and it is a huge part of your investments, then it is the right thing to do. If you want to start diversifying and invest slowly in other types of assets, then some basic knowledge is sufficient.
I have a question for you: if you don't invest yet, what are you doing with your savings ?
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They are currently on a savings account with very low interest. For now, it's good to have it easily accessible, so I haven't delved into the big world of investment yet. Once life and our living situation settles down a bit, I'll probably be checking out other options, besides a savings account.
I've been spending any leftovers on extra payments on the mortgage to lower my living expenses and debt :-)
It's great to have an emergency basket and to look at other savings accounts options. There are notice-savings accounts that can give you higher interest rates with a bit less flexibility to withdraw your money.
Emergency basket is definitely a must. I've always found it important, even when I was younger and still living with my parents. Now that I own my own house, it's even more important. I would not sleep well without it :-)
Here, we have saving accounts where you can deposit for a set amount of time (years), which will yield a bit more interest. This is one of the options I might look into later.