Building For The Future
In the current economic climate and with indications from the Government that there will be much less support from the State than has been the case in recent years, it is important to ensure that we have money “put away for a rainy day”.
Of course, if you are thinking about buying a house, paying for the children’s education or anything else that will require an amount of money, then you will need to make sure you use the best saving method available to you.
Building for the future is like building a house – you must first get the foundations right.
The foundations for a successful saving scheme rely on you ensuring that you have sufficient cash savings.
First you need a cash sum available locally for an emergency – try and use a building society, not a bank, although The Co-operative Bank is a good ethical alternative.
Then you will require a deposit account from one of the ethical banks or building societies. We favour The Ecology Building Society and Triodos Bank for money you can put away as savings for more than a month.
One of the most common ways of saving for the midterm (probably about five years plus) is an Investment Individual Savings Account (ISA). Click here for details
There are many different ways of investing ethically in an ISA and, of course, we will be happy to advise you on one that is most suitable for your circumstances.
You will now be ready to enter the world of investment, with the confidence that your money has been ethically invested. We are happy to go through the different options with you.
