Have you ever been given some ideas from friends about what to invest your money in?  These friends what to steer you in the right direction but if you are not sure where your money should go, you need to do some homework and discover for yourself all the options. You can invest in real estate, gold, stocks, bonds, CDs, treasury bills and you can also look into money markets. 

For the novice investor, all this can be confusing but it can be learned, over time.  You might want to start with a savings account which does not offer high returns, but it is highly liquid and always accessible.  Maybe you heard some talk about tax free savings and that you can manage it online or over the phone. 

This type of investment lets you save up to a certain amount each year without paying any UK income tax on your earned interest. This is called a cash ISA. If you are looking for regular income from your saving or you seek higher return with a high risk involved, then this might not be the right path for you to take.  Learn all you can about each option for investing before you make your final choice of where to put your money.