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How I got started investing: Ella's story

“I was first introduced to stock market investment by my father, who bought me and my sisters shares from the privatised industries way back in the 1980s. Some of them did quite well. I eventually sold them and used the money to go travelling after university, but it showed me that shares would bounce around, but you could make some good money out of them in the end.

“When I started working in London, I knew I should be saving, but had no spare cash, or at least not that I wanted to put into the stock market. Eventually, I was working in PR and one of my clients was a fund management group. I was having to tell people all about the importance of regular savings and to look long-term and eventually believed my own publicity! I started putting £50 a month in an investment trust saving scheme. It worked really well – I didn’t miss the money going out of my account and after a few years I had a pot that I could use to mend the roof, or whatever.

“Fortunately, I haven’t had to mend the roof and now I’ve got other collective funds as well.”

Not all of us are lucky enough to be given shares by our families. If you have no savings at all, it's a good idea to start with a cash-only pot in case of emergencies. Still, even with £50 a month from that pot, you can start putting a little bit into a low-risk tracker fund or a robo adviser.

If you'd like to have a look at a few options, here's Holly's top picks for Stocks and Shares ISAs in 2018.

Read next: How financially fit are you? Boring Money regular Cherry takes our 6 point financial fitness plan quiz

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Meet LISA – the new account for spring chickens

And so a new tax year and Spring is upon us with a new £20,000 annual ISA allowance, a new £4,128 Junior ISA allowance (which bureaucrat came up with that awkward number!?) and the new Lifetime ISA for spring chickens who are enviably under 40. As if being under 40 were not a bonus enough in itself, for every £1 you save in a LISA, the Government will give you 25p. FOR FREE!!!

Meet LISA – the new account for spring chickens

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