How to Lock Your Money Away From Yourself

The first thing to look at is what debts do you have? Do you have a mortgage? Just a mortgage. Yeah, I have a joint mortgage. What rate and how much do you owe on it? We owe 127 grand at 3.4%. Okay, so it's interesting because you could beat that in savings, but obviously these days you would pay some tax on that. You might want to look at reducing the amount you owe on your mortgage and making a capital over payment. If you want to save it, the obvious thing to do, if you don't want to touch it, is to put it into a fixed rate accounts.