I must say,
when I received my PPI refund, I was more than happy to see the £2,780 cheque
written in my name. The first thing on my mind was where to spend it, and the
frugal side of me just went to have it re-invested in one of my investment
vehicles. I thought that was the best option seeing the UK’s economy is
gradually recovering and well, some stocks, which are falling behind, are
giving me opportunities to increase my profits.
According to
a research by VoucherCodesPro.Co.UK, many people who received their payment
protection insurance refund only took three weeks to think about where to spend
it. Majority spent it on having holiday vacations. Some used it as down payment
for a second hand vehicle. Then, some used it to renovate their homes or pay
their bills.
Come to think
of it, £2,780 is not something you pick up every day.
Any spending
you do will help the local economy boost itself and drive down the prices of
goods, or improve their quality nonetheless. Even in investing, or purchasing a
new insurance policy for yourself or a family member, you are mobilizing the
local economies.
However,
making your money stagnant is the last thing you want to do with it.
You should
allow your money to grow to see more of your earnings flourish in the next few
years. That is how you should spend your PPI claim payouts.
