Age: 32
Spouse’s/Partner's age: 27
Annual Net income from employment or profession :€33,000
Annual Net income of spouse:€20,000
In general are you spending more than you earn or are you saving? Saving
Rough estimate of value of home €0 Renting 2 Bedroom apartment
Amount outstanding on your mortgage: €0
What interest rate are you paying? €0 €550 a month rent
Other borrowings – car loans/personal loans etc - None
Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card?
Savings and investments:
€60K Savings (3 Accounts)
Do you have a pension scheme? Yes
Do you own any investment or other property? No
Ages of children: None
Life insurance: No
What specific question do you have or what issues are of concern to you?
We feel that we are squirling away a huge chunk of our income around 1,600 a month. Our financial plan is very longterm save for our own house and have a small mortgage and eventually have mortgage freedom and having enough put aside for when we have children possibly next year or two. Short-term this leaves us very little room for luxuries but we do go away in ireland for most bank holiday weekends and we do Holiday in Thailand for 3 weeks once a year. We would appreciate the perspective of those 10-15 years ahead of us, perhaps with teenage children who could give us the benefit of hindsight. Are we trying to do too much too soon or are we just being sensible giving the changing climate. I am just struggling a bit to figure out am i doing the right thing with my 60,000 and is there something i should be doing should i buy a house now etc im just confused of my next steps.
Spouse’s/Partner's age: 27
Annual Net income from employment or profession :€33,000
Annual Net income of spouse:€20,000
In general are you spending more than you earn or are you saving? Saving
Rough estimate of value of home €0 Renting 2 Bedroom apartment
Amount outstanding on your mortgage: €0
What interest rate are you paying? €0 €550 a month rent
Other borrowings – car loans/personal loans etc - None
Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card?
Savings and investments:
€60K Savings (3 Accounts)
Do you have a pension scheme? Yes
Do you own any investment or other property? No
Ages of children: None
Life insurance: No
What specific question do you have or what issues are of concern to you?
We feel that we are squirling away a huge chunk of our income around 1,600 a month. Our financial plan is very longterm save for our own house and have a small mortgage and eventually have mortgage freedom and having enough put aside for when we have children possibly next year or two. Short-term this leaves us very little room for luxuries but we do go away in ireland for most bank holiday weekends and we do Holiday in Thailand for 3 weeks once a year. We would appreciate the perspective of those 10-15 years ahead of us, perhaps with teenage children who could give us the benefit of hindsight. Are we trying to do too much too soon or are we just being sensible giving the changing climate. I am just struggling a bit to figure out am i doing the right thing with my 60,000 and is there something i should be doing should i buy a house now etc im just confused of my next steps.