N
narwog
Guest
Age: 22
Annual gross income from employment or profession: €41000
Type of employment: secure
In general are you: spending more than you earn,
Other borrowings – car loans/personal loans etc:
€12000 car loan from BOI. 3 years left.
rate 6%. repayments €380 per month
€13000 personal loan from Credit Union.
rate 8% 5 years left. repayments €270 p.m.
Total loan repayments: €650 p.m
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? 3500
Savings : €3000 in credit union secured against €13000 personal loan
€1000 in BOI easy saver account
Currently putting €400 p.m into the BOI savings account
Do you have a pension scheme? yes
Do you own any investment or other property? No
Life insurance: 25e per month
What specific question do you have or what issues are of concern to you?
Reckon ill be looking to buy a house some time in 2012 so basically I need to clear the debt as soon as possible and start building up a deposit. With my job I can reasonably expect to receive an €20000 lump sum probably at some stage in late 2011/early 2012.
My income is €2400 net p.m. I dont pay rent at the moment, biggest annual cost is keeping the car on the road. I have no dependents so my money is my own. At the moment approx €1200 p.m goes towards servicing loans/credit card/savings, I think this money could be used better but not sure what strategy to adopt over the next 3 years.
Annual gross income from employment or profession: €41000
Type of employment: secure
In general are you: spending more than you earn,
Other borrowings – car loans/personal loans etc:
€12000 car loan from BOI. 3 years left.
rate 6%. repayments €380 per month
€13000 personal loan from Credit Union.
rate 8% 5 years left. repayments €270 p.m.
Total loan repayments: €650 p.m
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? 3500
Savings : €3000 in credit union secured against €13000 personal loan
€1000 in BOI easy saver account
Currently putting €400 p.m into the BOI savings account
Do you have a pension scheme? yes
Do you own any investment or other property? No
Life insurance: 25e per month
What specific question do you have or what issues are of concern to you?
Reckon ill be looking to buy a house some time in 2012 so basically I need to clear the debt as soon as possible and start building up a deposit. With my job I can reasonably expect to receive an €20000 lump sum probably at some stage in late 2011/early 2012.
My income is €2400 net p.m. I dont pay rent at the moment, biggest annual cost is keeping the car on the road. I have no dependents so my money is my own. At the moment approx €1200 p.m goes towards servicing loans/credit card/savings, I think this money could be used better but not sure what strategy to adopt over the next 3 years.