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nomonnofun
Guest
Age: early 30s
Spouse’s/Partner's age: early 30s
Annual gross income from employment or profession: 60K
Annual gross income of spouse: 4,600
Type of employment: private sector
In general are you spending more than you earn or are you saving? Just about keeping the heads above water.
Rough estimate of value of home 230,000
Amount outstanding on your mortgage: 180,000
What interest rate are you paying? 5.47%
Other borrowings – car loans/personal loans etc|
car loan 10K
credit union 9K
Credit card 1,300
Overdraft 1,600
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? 1300
Savings and investments: 3,500 in credit union
Do you have a pension scheme? yes
Do you own any investment or other property? no
Ages of children: 2 children, both under 9
Life insurance: yes
What specific question do you have or what issues are of concern to you?
By the time ESB, SKY, Credit Union, Mortgage, Home Heating Oil, Diesel for car, mobile bill, landline and broadband bill, car insurance, car tax, TV licience, shopping etc are all paid there is no money left for "living". Neither of us socialise (I haven't been in a pub since last Nov), we can't afford a holiday, new clothes etc, etc...
I know we could save some money by getting out Sky and broadband, but they are probably the only 2 "luxuries" that we have at the moment.
I suppose the question is this: are many people living like this?
We are only living from payday to payday and can never save money.
I suppose it would make me feel better if I knew loads of people were living like this.
I sometimes wonder would we be better off selling the home, giving up work and letting the state provide for us (I know loads of people living like this and they go to the pub every weekend, smoke, have their fancy cars and holidays every year - more luck to them, but it's very hard to stomach when you work hard to get a decent wage and can't afford anything)...
Spouse’s/Partner's age: early 30s
Annual gross income from employment or profession: 60K
Annual gross income of spouse: 4,600
Type of employment: private sector
In general are you spending more than you earn or are you saving? Just about keeping the heads above water.
Rough estimate of value of home 230,000
Amount outstanding on your mortgage: 180,000
What interest rate are you paying? 5.47%
Other borrowings – car loans/personal loans etc|
car loan 10K
credit union 9K
Credit card 1,300
Overdraft 1,600
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? 1300
Savings and investments: 3,500 in credit union
Do you have a pension scheme? yes
Do you own any investment or other property? no
Ages of children: 2 children, both under 9
Life insurance: yes
What specific question do you have or what issues are of concern to you?
By the time ESB, SKY, Credit Union, Mortgage, Home Heating Oil, Diesel for car, mobile bill, landline and broadband bill, car insurance, car tax, TV licience, shopping etc are all paid there is no money left for "living". Neither of us socialise (I haven't been in a pub since last Nov), we can't afford a holiday, new clothes etc, etc...
I know we could save some money by getting out Sky and broadband, but they are probably the only 2 "luxuries" that we have at the moment.
I suppose the question is this: are many people living like this?
We are only living from payday to payday and can never save money.
I suppose it would make me feel better if I knew loads of people were living like this.
I sometimes wonder would we be better off selling the home, giving up work and letting the state provide for us (I know loads of people living like this and they go to the pub every weekend, smoke, have their fancy cars and holidays every year - more luck to them, but it's very hard to stomach when you work hard to get a decent wage and can't afford anything)...