Age: 32
Spouse’s/Partner's age: 35
Annual gross income from employment or profession: 0 (Home Maker)
Annual gross income of spouse: 80,000
Monthly take-home pay: 4312
Type of employment: e.g. Employee PAYE
In general are you:
(a) spending more than you earn, or - THIS ONE
(b) saving?
Rough estimate of value of home €490,000
Amount outstanding on your mortgage: €400,000 APPROX
What interest rate are you paying? 4.9%, we are fixed until Sept 2016
Other borrowings – car loans/personal loans etc
Car Loan - borrowed €4764. Sixty repayments of €106.58 commenced March 2015. Interest rate 12.38%
Family Loan - borrowed €1800. Thirty Six Repayments €50 per month commenced March 2015. No interest.
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:
€5,500 savings
Do you have a pension scheme?
Mine stopped when I gave up work a few years back
Husband gives approx €100 a month I think
Do you own any investment or other property? No
Ages of children: 3
Life insurance: Yes. Not sure of details but we pay €29 a month and €36 a month to Aviva Life and Irish life respectively.
What specific question do you have or what issues are of concern to you?
We are building up credit card debt of around €300-€500 a month and therefore never saving meaning if anything big comes up, we need to use our existing savings which are diminishing as the months go by.
We clear the credit card each month and the cycle begins again. Items such as car repair, specsavers, weddings etc keep cropping up. Any suggestions on how we can save money would be greatly appreciated.
Our monthly out goings are as follows:-
Car Loan €106
Family Loan €50
Mortgage incl home insurance €2100
Property Tax €42
Life Insurance €36
Cash Cover €29
Food & Alcohol €500
Petrol €220
Water Charges €22
Work Lunches, Coffees, cash in pocket €120
UPC €80
Netflix €9
Gas/Elec €115 (varies, this is elec bill this month)
Panda Bins €10
Leap Card €15
Toll Charges €40
Parking Charges €20
Lifestyle (takeaways, presents, socialising) €200
Savings €0
Credit Card Payments €500-€600 average last 4 months
Hoping we can secure a better mortgage deal next September when fixed is up.
Thanks for reading.
Spouse’s/Partner's age: 35
Annual gross income from employment or profession: 0 (Home Maker)
Annual gross income of spouse: 80,000
Monthly take-home pay: 4312
Type of employment: e.g. Employee PAYE
In general are you:
(a) spending more than you earn, or - THIS ONE
(b) saving?
Rough estimate of value of home €490,000
Amount outstanding on your mortgage: €400,000 APPROX
What interest rate are you paying? 4.9%, we are fixed until Sept 2016
Other borrowings – car loans/personal loans etc
Car Loan - borrowed €4764. Sixty repayments of €106.58 commenced March 2015. Interest rate 12.38%
Family Loan - borrowed €1800. Thirty Six Repayments €50 per month commenced March 2015. No interest.
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:
€5,500 savings
Do you have a pension scheme?
Mine stopped when I gave up work a few years back
Husband gives approx €100 a month I think
Do you own any investment or other property? No
Ages of children: 3
Life insurance: Yes. Not sure of details but we pay €29 a month and €36 a month to Aviva Life and Irish life respectively.
What specific question do you have or what issues are of concern to you?
We are building up credit card debt of around €300-€500 a month and therefore never saving meaning if anything big comes up, we need to use our existing savings which are diminishing as the months go by.
We clear the credit card each month and the cycle begins again. Items such as car repair, specsavers, weddings etc keep cropping up. Any suggestions on how we can save money would be greatly appreciated.
Our monthly out goings are as follows:-
Car Loan €106
Family Loan €50
Mortgage incl home insurance €2100
Property Tax €42
Life Insurance €36
Cash Cover €29
Food & Alcohol €500
Petrol €220
Water Charges €22
Work Lunches, Coffees, cash in pocket €120
UPC €80
Netflix €9
Gas/Elec €115 (varies, this is elec bill this month)
Panda Bins €10
Leap Card €15
Toll Charges €40
Parking Charges €20
Lifestyle (takeaways, presents, socialising) €200
Savings €0
Credit Card Payments €500-€600 average last 4 months
Hoping we can secure a better mortgage deal next September when fixed is up.
Thanks for reading.