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Savings for rebuild

2 replies

Swimbikerunmummy · 25/08/2022 09:11

We’ve been steadily saving over the past few years to rebuild part of our house, by demolishing an old sun room and flat roof extension and replacing. The plan was to start next summer, but I’m now realizing that the savings we have for the job just aren’t going to cover what we hoped, and things will look much worse by next year.
Any suggestions for what to do with the hard earned savings in the meantime? Currently just in a high interest account (£50k but that includes our rainy day fund).

OP posts:
Orangesare · 25/08/2022 09:13

I think labour costs might fall as interest rates etc rise. There’s going to be a point when the demand for builders drops.

DoNotWorryBeHappy · 27/08/2022 17:19

Premium bonds

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