Monthly take home pay: 2761
Partner: 2319
Mortgage: 1300 p/m
Credit Union Loan: 25000. 8000 in shares. Pay 120 p/w off loan
Partner credit union loan: 7000. 3000 in shares. Pay 150 p/w
Credit Card: 2000 owed
ESB: Approx 65 p/m
Food: Approx 65 p/w
Heating: 40 p/w
Petrol: 60 p/w for both cars
Insurance: 120 p/m for both cars
TV: 21 p/m
I work in the public sector and so my salary this month will be approx 300 lower due to the pension levy. My partner works in the private sector and his position is far from safe. We would not be surprised if he lost his job in the near future. We are worried that the changes that will be made in the Apr budget will mean that we won't be able to cover our monthly expenses. Is there anything we can do to make our situation more favourable? We have another 5000 that we can draw down on our mortgage which will add an extra 22 p/m onto our repayments. We were planning on using this on the house but should we use it to pay off partners credit union loan instead?
Partner: 2319
Mortgage: 1300 p/m
Credit Union Loan: 25000. 8000 in shares. Pay 120 p/w off loan
Partner credit union loan: 7000. 3000 in shares. Pay 150 p/w
Credit Card: 2000 owed
ESB: Approx 65 p/m
Food: Approx 65 p/w
Heating: 40 p/w
Petrol: 60 p/w for both cars
Insurance: 120 p/m for both cars
TV: 21 p/m
I work in the public sector and so my salary this month will be approx 300 lower due to the pension levy. My partner works in the private sector and his position is far from safe. We would not be surprised if he lost his job in the near future. We are worried that the changes that will be made in the Apr budget will mean that we won't be able to cover our monthly expenses. Is there anything we can do to make our situation more favourable? We have another 5000 that we can draw down on our mortgage which will add an extra 22 p/m onto our repayments. We were planning on using this on the house but should we use it to pay off partners credit union loan instead?