H
higs
Guest
Age 28
Spouse’s/Partner's age: 28
Annual gross income from employment or profession: € 48000
Annual gross income spouse: € 32000
Type of employment: Both Public Sector employees
Expenditure pattern: Generally non savers
Rough estimate of value of home € 345,000
Mortgage on home € 269,000- paying for 16 months
Mortgage provider: EBS
Type of mortgage: Tracker, interest only, fixed rate -fixed 3 years
Interest rate 3.75%
Other borrowings – car loans/personal loans etc
Personal Loan Credit Union € 30,000
Personal Loan AIB € 13,000
Do you pay off your full credit card balance each month? No
Savings and investments: €5000 in credit union but tied up with loan
Do you have a pension scheme? Yes we both have
Do you own any investment or other property? No
Ages of children: 8 and 2
Life insurance: Yes
Net Monthly Income € 4400
Monthly Outgoings
Mortgage € 960
Credit Union €800
AIB €400
Creche € 600
Life and Car/House Insurance € 170
Health Insurance €220
Tv/Telephone/Broadband €160
Diesel/Tolls € 400
Food € 300
Misc €100
Other € 300 -€500
Hi all, my wife and I are both public servants,having moved into new house last year,got married this year.
Initially didn't take out enough of a mortgage,this is why I received the personal loan from the bank to finish the house.
We got married this year,hence the credit union loan.
The other refers to tradesmen and suppliers who are being paid the rest of money owed to them in monthly installments. I owe €4000 to these altogether,initially this was €12000.
I could seem to manage everything up until a couple of months ago,now its all getting on top of me.
There has been no money to pay tradesmen/suppliers the last 2 months,I just have not got it.
Christmas is coming and I dont think I have ever been this broke.
I was looking at my outgoings wondering where to cut back,the health insurance is expensive but have needed it on a few occasions during the year regards the kids so I think its worth it.
Diesel/Tolls is expensive but I do commute to work every day.
The Creche is top class and we have no inlaws to try and involve as they are in poor health.
The Tv/Phone/broadband is expensive,i'm in contracts up until the middle of next year so don't know whether i can break them or not.
I have approached both AIB and Credit Union asking them to extend the term of loans to maybe start the five year term again but both said no as I was making repayments.
I was thinking of approaching the EBS to maybe take a payment break for 6 months to get my head above water,but don't know much about them offering it to people who are making payments on time.
Just need advice regards what to do,i am making payments but just about at the moment. The whole thing has me stressed out and I don't really know which way to turn.
Thanks in advance
Spouse’s/Partner's age: 28
Annual gross income from employment or profession: € 48000
Annual gross income spouse: € 32000
Type of employment: Both Public Sector employees
Expenditure pattern: Generally non savers
Rough estimate of value of home € 345,000
Mortgage on home € 269,000- paying for 16 months
Mortgage provider: EBS
Type of mortgage: Tracker, interest only, fixed rate -fixed 3 years
Interest rate 3.75%
Other borrowings – car loans/personal loans etc
Personal Loan Credit Union € 30,000
Personal Loan AIB € 13,000
Do you pay off your full credit card balance each month? No
Savings and investments: €5000 in credit union but tied up with loan
Do you have a pension scheme? Yes we both have
Do you own any investment or other property? No
Ages of children: 8 and 2
Life insurance: Yes
Net Monthly Income € 4400
Monthly Outgoings
Mortgage € 960
Credit Union €800
AIB €400
Creche € 600
Life and Car/House Insurance € 170
Health Insurance €220
Tv/Telephone/Broadband €160
Diesel/Tolls € 400
Food € 300
Misc €100
Other € 300 -€500
Hi all, my wife and I are both public servants,having moved into new house last year,got married this year.
Initially didn't take out enough of a mortgage,this is why I received the personal loan from the bank to finish the house.
We got married this year,hence the credit union loan.
The other refers to tradesmen and suppliers who are being paid the rest of money owed to them in monthly installments. I owe €4000 to these altogether,initially this was €12000.
I could seem to manage everything up until a couple of months ago,now its all getting on top of me.
There has been no money to pay tradesmen/suppliers the last 2 months,I just have not got it.
Christmas is coming and I dont think I have ever been this broke.
I was looking at my outgoings wondering where to cut back,the health insurance is expensive but have needed it on a few occasions during the year regards the kids so I think its worth it.
Diesel/Tolls is expensive but I do commute to work every day.
The Creche is top class and we have no inlaws to try and involve as they are in poor health.
The Tv/Phone/broadband is expensive,i'm in contracts up until the middle of next year so don't know whether i can break them or not.
I have approached both AIB and Credit Union asking them to extend the term of loans to maybe start the five year term again but both said no as I was making repayments.
I was thinking of approaching the EBS to maybe take a payment break for 6 months to get my head above water,but don't know much about them offering it to people who are making payments on time.
Just need advice regards what to do,i am making payments but just about at the moment. The whole thing has me stressed out and I don't really know which way to turn.
Thanks in advance