Sunnysideup
Registered User
- Messages
- 5
Age: 36
Spouse’s/Partner's age: n/a
Annual gross income from employment or profession: 62k
Annual gross income of spouse:n/a
Monthly take-home pay €3,450
Type of employment: e.g. Civil Servant, self-employed : private sector
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving €1k per month
Rough estimate of value of home
Amount outstanding on your mortgage: n/a
What interest rate are you paying? N/a
Other borrowings – car loans/personal loans etc: overdraft of 1k
Do you pay off your full credit card balance each month? I try not to use it
If not, what is the balance on your credit card? 600 balance on card
Savings and investments: 14k in savings
Do you have a pension scheme? Yes
Do you own any investment or other property? No
Ages of children: n/a
Life insurance: yes through work
What specific question do you have or what issues are of concern to you?
I'm hoping to buy a house next year, and want to try to get my finances in order..My intention is to save a further 250 per month in a demand account seperate to the 1k I'm already saving. Should i pay off the overdraft and credit card with the savings though, or would this be frowned upon when applying for a mortgage? I currently pay about 100 a month off it. I have already taken 1k out of savings to fund unforseen expenses.
Thank you!
Spouse’s/Partner's age: n/a
Annual gross income from employment or profession: 62k
Annual gross income of spouse:n/a
Monthly take-home pay €3,450
Type of employment: e.g. Civil Servant, self-employed : private sector
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving €1k per month
Rough estimate of value of home
Amount outstanding on your mortgage: n/a
What interest rate are you paying? N/a
Other borrowings – car loans/personal loans etc: overdraft of 1k
Do you pay off your full credit card balance each month? I try not to use it
If not, what is the balance on your credit card? 600 balance on card
Savings and investments: 14k in savings
Do you have a pension scheme? Yes
Do you own any investment or other property? No
Ages of children: n/a
Life insurance: yes through work
What specific question do you have or what issues are of concern to you?
I'm hoping to buy a house next year, and want to try to get my finances in order..My intention is to save a further 250 per month in a demand account seperate to the 1k I'm already saving. Should i pay off the overdraft and credit card with the savings though, or would this be frowned upon when applying for a mortgage? I currently pay about 100 a month off it. I have already taken 1k out of savings to fund unforseen expenses.
Thank you!