Age: 36
Spouse’s/Partner's age: 40
Annual gross income from employment or profession: 56k
Annual gross income of spouse: 35k
Type of employment: e.g. Civil Servant, self-employed
Me in private industry and hubby self employed.
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving a small amount every month - would like to think about putting this into a regular saver account or something to make most of it.
Rough estimate of value of home: new build approx 550k
Amount outstanding on your mortgage: 130k
What interest rate are you paying? tracker
Other borrowings – car loans/personal loans etc
1. car loan - 10k
Do you pay off your full credit card balance each month?
If not, what is the balance on your credit card? €600
Savings and investments:
2k Credit Union
20k in Post Bank
Do you have a pension scheme?
Yes
Do you own any investment or other property?
No
Ages of children:
3 and 5
Life insurance:
Yes
What specific question do you have or what issues are of concern to you?
Me as the main earner would like to give up work to be with the kids. This would get rid of our monthly childcare costs and I could also work p/t for my husband in his business for a small wage. This is the kind of situation I would like to discuss with a personal financial advisor - but all of them seem to be interested in pensions and investments. Any thoughts on whether you think this would be possible with our current mortgage? thanks........
Spouse’s/Partner's age: 40
Annual gross income from employment or profession: 56k
Annual gross income of spouse: 35k
Type of employment: e.g. Civil Servant, self-employed
Me in private industry and hubby self employed.
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving a small amount every month - would like to think about putting this into a regular saver account or something to make most of it.
Rough estimate of value of home: new build approx 550k
Amount outstanding on your mortgage: 130k
What interest rate are you paying? tracker
Other borrowings – car loans/personal loans etc
1. car loan - 10k
Do you pay off your full credit card balance each month?
If not, what is the balance on your credit card? €600
Savings and investments:
2k Credit Union
20k in Post Bank
Do you have a pension scheme?
Yes
Do you own any investment or other property?
No
Ages of children:
3 and 5
Life insurance:
Yes
What specific question do you have or what issues are of concern to you?
Me as the main earner would like to give up work to be with the kids. This would get rid of our monthly childcare costs and I could also work p/t for my husband in his business for a small wage. This is the kind of situation I would like to discuss with a personal financial advisor - but all of them seem to be interested in pensions and investments. Any thoughts on whether you think this would be possible with our current mortgage? thanks........