Laying A Nest Egg

Contributed post

It’s often as things are ticking along nicely that the unexpected takes us by surprise. A sudden

illness, an unforeseen expense, a change in our life circumstances.

That’s why so many of us have a little something extra tucked away, some money set aside to

help us out in times of need. 

But could that little extra work harder for you while it’s not being used? In this blog, we take a look

at some savings and investment opportunities that might help grow your emergency fund ready

for when you really need it most

Savings Accounts

t’s fair to say that by and large the better rate savings accounts tend to be the ones that lock

your money in the longest and might not be beneficial to you should you need to access that

money quickly. Still, some interest is better than nothing but are there any better alternatives?

You might consider a stocks and shares savings account that, run through your bank, will allow

for some safer investing of your money and give you back a better return. Many of these schemes

will allow you to set a limit on how much you want to invest while the rest of your money gathers

interest. In general you should be able to have instant access to part if not all of your money in

case you need to pay for medical treatment or hire the services of KoonsFuller Family Law, for

example.

Invest

You may instead choose to invest your money in a hedge fund along with other investors. This

generally carries slightly more risk than a savings account but you should see much higher

returns on your investment at regular intervals throughout the year. Why not leave a core amount

as an investment and sweep the rest back into your emergency pot?

Property

If your fund allows, buying property is often considered a good bet. Finding tenants to rent a small

apartment for a low mortgage will provide you with a steady income stream, particularly if you

choose to engage a tenancy agency to cover the rent in case the property becomes vacant.

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You also have the option of investing in a new build site where your money will be used by the

development company to construct housing and returned to you with interest once properties

are sold.

You want to keep your family safe and you want to be able to provide for them should the worst

case scenario happen. You’re there for them emotionally but be there financially too. Make some

great financial investments that give you a nest egg to fall back on, or to pass on to your family

once you’re gone.

Consider trusting your bank or broker to find some stocks and shares to dabble in or find a hedge

fund that looks stable and yields good returns for relatively low risk. Consider investing in bricks

and mortar for a good bet and stable monthly income. Whatever you choose, sit back and watch

that nest egg grow ready to help out your family should the worst happen.