Hi all,
I've been contracting for a year now andim conscious that the money I've been earning rough my contract held in the business account (I have a Ltd co) is rapidly depreciating due to inflation. I had a look around and most business accounts pay nothing to something very nominal - significantly less than your usual consumer accounts.
What do you wise folks do with the cash that builds up? I'm not keen on blowing it on a new car anytime soon, and would much rather have it at maintain a decent amount of growth during the current climate.
Suggestions / strategies welcome.. Thanks!
I've been contracting for a year now andim conscious that the money I've been earning rough my contract held in the business account (I have a Ltd co) is rapidly depreciating due to inflation. I had a look around and most business accounts pay nothing to something very nominal - significantly less than your usual consumer accounts.
What do you wise folks do with the cash that builds up? I'm not keen on blowing it on a new car anytime soon, and would much rather have it at maintain a decent amount of growth during the current climate.
Suggestions / strategies welcome.. Thanks!
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