Age: Mid 40's
Spouse’s/Partner's age: Spouse is also in her mid 40's
Annual gross income from employment or profession: €32,500
Annual gross income of spouse: €20,000
Monthly take-home pay €3,627
Type of employment: both work in the private sector- I am full time and spouse is part-time.
In general are you:
(a) spending more than you earn, or
(b) saving? We are saving €400 per month.
Rough estimate of value of home: €350,000
Amount outstanding on your mortgage: €52,000
What interest rate are you paying? AIB tracker 0.6%
Mortgage repayments are €480.00 per month. About 9 years left.
Second property: Spouse is Co-Owner of an apartment.
Mortgage is €213,000 - Rate 1.250%
Value of apartment - €240,000
Rental figures cover mortgage and property management fees on a yearly basis.
Thoughts are to sell this apartment in the next few years.
Other borrowings – car loans/personal loans etc: Car loan €13,000
Do you pay off your full credit card balance each month? no
If not, what is the balance on your credit card? €480
Savings and investments: €55,000 savings
€45,000 was an inheritance.
Do you have a pension scheme? no
Do you own any investment or other property? Co-owner in apartment
Ages of children: 7, 4, 4
Life insurance: none
What specific question do you have or what issues are of concern to you? We would like to know what is the best way forward with 3 young kids, €50,000 sitting in the current account and €5,000 in the credit union. Do we set up a pension scheme, put away a little for the kids future every week. Who would be best to do it with? We really don't have a scooby doo. Thank you.
Spouse’s/Partner's age: Spouse is also in her mid 40's
Annual gross income from employment or profession: €32,500
Annual gross income of spouse: €20,000
Monthly take-home pay €3,627
Type of employment: both work in the private sector- I am full time and spouse is part-time.
In general are you:
(a) spending more than you earn, or
(b) saving? We are saving €400 per month.
Rough estimate of value of home: €350,000
Amount outstanding on your mortgage: €52,000
What interest rate are you paying? AIB tracker 0.6%
Mortgage repayments are €480.00 per month. About 9 years left.
Second property: Spouse is Co-Owner of an apartment.
Mortgage is €213,000 - Rate 1.250%
Value of apartment - €240,000
Rental figures cover mortgage and property management fees on a yearly basis.
Thoughts are to sell this apartment in the next few years.
Other borrowings – car loans/personal loans etc: Car loan €13,000
Do you pay off your full credit card balance each month? no
If not, what is the balance on your credit card? €480
Savings and investments: €55,000 savings
€45,000 was an inheritance.
Do you have a pension scheme? no
Do you own any investment or other property? Co-owner in apartment
Ages of children: 7, 4, 4
Life insurance: none
What specific question do you have or what issues are of concern to you? We would like to know what is the best way forward with 3 young kids, €50,000 sitting in the current account and €5,000 in the credit union. Do we set up a pension scheme, put away a little for the kids future every week. Who would be best to do it with? We really don't have a scooby doo. Thank you.
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