Hi everyone
I’d appreciate your guidance on my financial situation and what I’m failing at please!
Age:46
Gross income:€68k pa
Single mother to 9yo son, no involvement or financial support from bio father since pregnancy
Built my house 2005: e35k mortgage remains, tracker mortgage
Cash savings: e29k
An post bond scheme e8500 when matures in 2024
Pension current value inc avc e260k
Own my car but it’s 2008, might start costing me soon but it’s well minded, Low mileage etc
No credit card
No loans or any debt besides mortgage
Save about e900 per month
COuld anyone guide me on what I should focus on, am I doing ok financially? I’ve nobody to bounce ideas off, I know nobody that I’d share with on this stuff that is not a couple with two incomes so it’s hard to think we can plan, share ideas, or relate on financial worries ....
Where should I make changes please? Clear mortgage? College? How much should I provide to my son for college?
My house is well maintained, I keep all core functions well serviced so no large costs have hit me, eg heating, boiler, sewage system, roof/gutters, chimneys cleaned yearly etc so never hit with lump sum costs on house repairs.
Not really sure what other info to include here but i would find it so helpful to take all points of view, I procrastinate so much on this and want to feel im doing the best I can financially for us both.
Thanks so much
I’d appreciate your guidance on my financial situation and what I’m failing at please!
Age:46
Gross income:€68k pa
Single mother to 9yo son, no involvement or financial support from bio father since pregnancy
Built my house 2005: e35k mortgage remains, tracker mortgage
Cash savings: e29k
An post bond scheme e8500 when matures in 2024
Pension current value inc avc e260k
Own my car but it’s 2008, might start costing me soon but it’s well minded, Low mileage etc
No credit card
No loans or any debt besides mortgage
Save about e900 per month
COuld anyone guide me on what I should focus on, am I doing ok financially? I’ve nobody to bounce ideas off, I know nobody that I’d share with on this stuff that is not a couple with two incomes so it’s hard to think we can plan, share ideas, or relate on financial worries ....
Where should I make changes please? Clear mortgage? College? How much should I provide to my son for college?
My house is well maintained, I keep all core functions well serviced so no large costs have hit me, eg heating, boiler, sewage system, roof/gutters, chimneys cleaned yearly etc so never hit with lump sum costs on house repairs.
Not really sure what other info to include here but i would find it so helpful to take all points of view, I procrastinate so much on this and want to feel im doing the best I can financially for us both.
Thanks so much