M
Mia24
Guest
Age: 24
Spouse’s/Partner's age: n/a
Annual gross income from employment or profession: €24,500
Annual gross income of spouse:n/a
Type of employment: e.g. Civil Servant, self-employed
Private sector
In general are you: b)
(a) spending more than you earn, or
(b) saving?
Rough estimate of value of home: n/a
Amount outstanding on your mortgage: n/a
What interest rate are you paying? n/a
Other borrowings – car loans/personal loans etc:
€5,000 loan from bank for car. Currently at €4,500 after 4 months. paying €160 a month plus interest of about €40.
Car insurance: €85 p/m (all per month)
Groceries: €50
Petrol: €80
Rent: €200
Phone: €20
Eating out/going out/cinema: €80
Books: €20
Gym: €40
Do you pay off your full credit card balance each month? I don't have one
If not, what is the balance on your credit card? n/a
Savings and investments:€900 in credit union
Do you have a pension scheme? No
Do you own any investment or other property? No
Ages of children: n/a
Life insurance: No
What specific question do you have or what issues are of concern to you?
I'm a few months back from travelling and am living at home until the end of this year. I have very few outgoings due to this and I know I'm in a lucky position. I don't have a huge salary but would like to make the most of this time to save money - a nest egg for the future I guess.
I have a bank appoinment next week to set up a savings account. At the moment the money is just sitting in my current account. The interest rate is 2.25%. One of my family members has bought shares recently and I find that interesting although I know nothing about the sharemarket.
Where do you think is the best place to put my savings?
Spouse’s/Partner's age: n/a
Annual gross income from employment or profession: €24,500
Annual gross income of spouse:n/a
Type of employment: e.g. Civil Servant, self-employed
Private sector
In general are you: b)
(a) spending more than you earn, or
(b) saving?
Rough estimate of value of home: n/a
Amount outstanding on your mortgage: n/a
What interest rate are you paying? n/a
Other borrowings – car loans/personal loans etc:
€5,000 loan from bank for car. Currently at €4,500 after 4 months. paying €160 a month plus interest of about €40.
Car insurance: €85 p/m (all per month)
Groceries: €50
Petrol: €80
Rent: €200
Phone: €20
Eating out/going out/cinema: €80
Books: €20
Gym: €40
Do you pay off your full credit card balance each month? I don't have one
If not, what is the balance on your credit card? n/a
Savings and investments:€900 in credit union
Do you have a pension scheme? No
Do you own any investment or other property? No
Ages of children: n/a
Life insurance: No
What specific question do you have or what issues are of concern to you?
I'm a few months back from travelling and am living at home until the end of this year. I have very few outgoings due to this and I know I'm in a lucky position. I don't have a huge salary but would like to make the most of this time to save money - a nest egg for the future I guess.
I have a bank appoinment next week to set up a savings account. At the moment the money is just sitting in my current account. The interest rate is 2.25%. One of my family members has bought shares recently and I find that interesting although I know nothing about the sharemarket.
Where do you think is the best place to put my savings?