Age: 36
Spouse’s/Partner's age: 41
Annual gross income from employment or profession: 87000 + bonus ~4000 aprox
Annual gross income of spouse: 0
Monthly take-home pay 4099 (after deductions for pension, avcs etc.)
Type of employment: Private Sector
In general are you:
(a) spending more than you earn, or
(b) Probably breaking even if that
Rough estimate of value of home - Difficult to estimate 150,000
Mortgage outstanding: 126k tracker mortgage mothly repayments 563.30
Other borrowings – None
Do you pay off your full credit card balance each month? Yes
Savings and investments:
Savings - 5,000 (saving minimum 130 euro per month)
Stocks - 12,000 (part of a share bonus scheme must hold onto them for three years before selling to avail of tax benefits.
Do you have a pension scheme? Yes husband pays 400 euro into pension and further 300 euro avc.
Monthly bills: Our monthly bills are as follows:
House Insurance renatl property: 42.10
Broadband provider: 25.41
Sky: 33.00
A.A.: 17.50
Acorn Life: 42.55
Eir: 42.55 very bad mobile phone signal so we really need landline
Friends First: 141.61 income protection for my husband
T.V. Licence: 13.33 per month
Caledonian: 27.41 life policies on our home
O2: 40.66
Airtricity: 80.65 this month has been quite a bit higher previous months as this includes all of our heating.
Vodafone: 37.00 aprox
Playgroup: 220.00 per month will be free next year
We also have all the other expenses of transport, gp vists prescriptions etc.
I am currently putting 550.00 per month into account to pay for expenses such as car insurance, tax, bins, etc.
I put 70.00 per month into the credit union.
I put 300 into account for expenses such as birthdays, presents, weddings etc but I have only started these accounts since 01st February.
Do you own any investment or other property? Yes mortgage outstanding 101000 euros monthly repayments 876.37. Standard variable rate 3.65%. Rental income 550 per month
Ages of children: Two children - 3 years old and new baby
Life insurance: Husband - coverage through work. We both have life policies for each of the properties and another life policy each of 150k.
What specific question do you have or what issues are of concern to you?
Spouse’s/Partner's age: 41
Annual gross income from employment or profession: 87000 + bonus ~4000 aprox
Annual gross income of spouse: 0
Monthly take-home pay 4099 (after deductions for pension, avcs etc.)
Type of employment: Private Sector
In general are you:
(a) spending more than you earn, or
(b) Probably breaking even if that
Rough estimate of value of home - Difficult to estimate 150,000
Mortgage outstanding: 126k tracker mortgage mothly repayments 563.30
Other borrowings – None
Do you pay off your full credit card balance each month? Yes
Savings and investments:
Savings - 5,000 (saving minimum 130 euro per month)
Stocks - 12,000 (part of a share bonus scheme must hold onto them for three years before selling to avail of tax benefits.
Do you have a pension scheme? Yes husband pays 400 euro into pension and further 300 euro avc.
Monthly bills: Our monthly bills are as follows:
House Insurance renatl property: 42.10
Broadband provider: 25.41
Sky: 33.00
A.A.: 17.50
Acorn Life: 42.55
Eir: 42.55 very bad mobile phone signal so we really need landline
Friends First: 141.61 income protection for my husband
T.V. Licence: 13.33 per month
Caledonian: 27.41 life policies on our home
O2: 40.66
Airtricity: 80.65 this month has been quite a bit higher previous months as this includes all of our heating.
Vodafone: 37.00 aprox
Playgroup: 220.00 per month will be free next year
We also have all the other expenses of transport, gp vists prescriptions etc.
I am currently putting 550.00 per month into account to pay for expenses such as car insurance, tax, bins, etc.
I put 70.00 per month into the credit union.
I put 300 into account for expenses such as birthdays, presents, weddings etc but I have only started these accounts since 01st February.
Do you own any investment or other property? Yes mortgage outstanding 101000 euros monthly repayments 876.37. Standard variable rate 3.65%. Rental income 550 per month
Ages of children: Two children - 3 years old and new baby
Life insurance: Husband - coverage through work. We both have life policies for each of the properties and another life policy each of 150k.
What specific question do you have or what issues are of concern to you?
- I am wondering are we going wrong somewhere we just seem to about breakeven each month. A big concern is that both of our cars are getting older and we need to plan to replace them. We live in a very rural area so two cars are essential.
- The rental property was where we lived until a job opprtunity came up. We couldnt sell the property at the time and so we have been renting it for the past 3.5 years. We have been very lucky and had just two excellent tennants in that time. We just dont know what to do with it as we wouldnt get back the mony we paid for it.
- Is my husband paying too much into his pension?