Background:
Family living in Dublin.
Both my partner and I are 40, both work.
Two children, one recently started primary school, one with 3 years left in creche.
House with manageable mortgage in Dublin.
Regular overpayment of mortgage, aim to clear before 2030.
I want to make the most of my relatively modest savings so they are not destroyed by inflation, but keep enough rainy day money.
I am not very financially literate and time poor so individual stocks, shares & other options that require a bit of time and maintenance are unlikely to suit my life currently.
Age: 40
Spouse Age: 40
Children:
2, one in primary school senior infants, one with 3 years left in creche.
Annual gross income from employment: 100,000
Bonus: 20,000 per year
Spouse gross income from employment: 39,500
Spouse Bonus: 300-500 per year
Pension:
Me: 5% + 15% AVC (20% was maximum allowed for tax relief before recent birthday)
Employer: 9%
Partner: They contribute, but unsure of percentage.
Mortgage:
170k left, roughly 1100pm.
14 years remaining, locked at 2.44%
Overpayment of 10% each year
Savings:
45,000
Aim to save min of 1k per month, works out most of the time.
Family living in Dublin.
Both my partner and I are 40, both work.
Two children, one recently started primary school, one with 3 years left in creche.
House with manageable mortgage in Dublin.
Regular overpayment of mortgage, aim to clear before 2030.
I want to make the most of my relatively modest savings so they are not destroyed by inflation, but keep enough rainy day money.
I am not very financially literate and time poor so individual stocks, shares & other options that require a bit of time and maintenance are unlikely to suit my life currently.
Age: 40
Spouse Age: 40
Children:
2, one in primary school senior infants, one with 3 years left in creche.
Annual gross income from employment: 100,000
Bonus: 20,000 per year
Spouse gross income from employment: 39,500
Spouse Bonus: 300-500 per year
Pension:
Me: 5% + 15% AVC (20% was maximum allowed for tax relief before recent birthday)
Employer: 9%
Partner: They contribute, but unsure of percentage.
Mortgage:
170k left, roughly 1100pm.
14 years remaining, locked at 2.44%
Overpayment of 10% each year
Savings:
45,000
Aim to save min of 1k per month, works out most of the time.
Last edited: