In the current economic climate, there is a lot of uncertainty. Things seem to be getting more and more expensive, and that means that a lot of people are going to find it difficult. Some people are going to be forced to make a few tough decisions around life’s necessities. Even for people who appear to be quite affluent, things are still going to get tougher. So, it makes sense for everyone to take a look at themselves and find ways to look after their money a bit better. Staying out of debt, or reducing your debt, is a must-do thing; with the interest rates rising, your debt is not going to get smaller without a valiant effort, and there is no point in saving if you have a debt hanging over your head. In fact, you may feel that you should get a better-paying job. However, that is not always going to protect you. Sometimes those of us with a seemingly low-paid job are more financially secure than those earning several times their wage. The difference is how money-savvy you are. So, to help you, let’s find out some ways you can invest your money:

High-Interest Savings Accounts

Yes, at last, this is actually a thing. The interest rates have risen, and although it’s bad for people with debts and mortgages, it is actually pretty good for people with savings. If you are money-savvy enough to have some savings and you are looking for a relatively risk-free form of investment, then this could be the best option for you. Why not get online and find a great savings account offer? You can get the best interest rates if you are happy to have your money tied in for a year or so. If not, you can still find some pretty good offers. So, search the market and find out what’s on offer.

Start a Side Hustle

A side hustle is a great form of investment as it is an investment in you. You will learn so much from doing this, and potentially you may be able to turn your venture into a full-blown business if you are any good at it. There are many different types of enterprises out there that you can choose from. However, take a look at yourself and your circumstances before you choose a side hustle. If you have a spare room or rooms, maybe you could have a lodger or two. Or maybe renting the rooms out on Airbnb may be better for you. Consider things like buying and selling. There is a lot of money to be made here, especially if you have some expert knowledge of particular items such as collectibles. If you collect a lot of things, you can make a website using a platform like WordPress and sell them there. Use social media for advertising your site too. You can also search for platforms like Honeygain, where you can earn passive income by sharing your unused internet bandwidth. Other types of side hustle are cab driving. Remember to get your rideshare insurance in case there is an accident and one of your passengers are hurt in rideshare accident. If you are determined, you will find a range of side hustles that suit you.


Bonds are another form of investment that you have to leave in for a certain amount of time. You can’t get to this money until the contract ends. So, you need to be sure you do not need to get to your money during the term of your investment if you are going to buy bonds. There are two types of bonds, government and corporate. With bonds, you lend the money to the organization that interests you, then you receive coupons for the term of your contract, even up to thirty years. Coupons are basically payments that you receive for having the bonds. You generally get these payments twice a year. Government bonds are less risky than corporate bonds. This is purely for the reason that corporations are less secure than the government and are much more likely to fold during the term of your contract. In most cases, this means that you will lose your money. However, corporations offer far better rates with coupons. So, investigate the companies you are interested in before investing, pick a term that suits you, say five years and invest that way. Corporate bonds also have ratings to make it a little easier to see which ones are good investments.


Digital currencies are only going to grow in popularity. The Internet is growing larger and larger each day and with it are online transactions. Businesses are beginning to invest in digital currencies more than ever. And new technology like Blockchain is making the process smoother, simpler, and more transparent, among other benefits. In a nutshell, cryptocurrencies are the future of currency, so it makes sense to get in on the trend now. Most of you will have heard of Bitcoin and its supersonic rise in value, which made many people very wealthy. Well, here are a lot more digital currencies than that. The thing with digital currency is that it is pretty unregulated at the moment. So, this can mean that the value can skyrocket, as it did with bitcoin. However, it also means the inverse is true. So you must be careful. Another thing to understand is that one-day crypto probably will be regulated then it will probably begin to plateau in terms of its value.

The Stock Exchange This is probably the most famous form of investing. The truth is you can be quite lucky on the stock market if you are prepared to do your homework. That means investigating the companies that interest you. Work out if they are a good future investment and for how long. Check their dividend amounts too. Dividends are payments you revied for holding shares, and a lot of people use them to top up their income. All you need to do what the stock exchange is check your nerves. And don’t be too greedy. If you can do these two basic things, then you may make a lot of money thighs way

See also: How to invest like Warren Buffet