I'd put £2,000 away for next summer (me and a friend plan to drive through 6 countries in 2 weeks (Europe) and £1,000 for this summer (Magaluff!). That sounds like all of it with the current exchange rate 8(
the problem with CDs is that their future value is based off current interest rates and the Fed is going to increase the prime rate by 1/4 pt. next time, and maybe again once more after that. I have little faith in US currency in the coming years, and CDs are denominated in USDs. Four trillion new USDs in the economy in…