Z
zorba
Guest
Age:
37
Spouse’s/Partner's age:
34
Annual gross income from employment or profession:
E32k, was a lot better but now working a 3 day week due to the downturn in my sector. Also in receipt of €81 p/w Jobseeker's benefit but this won't last for much longer as I've been getting this payment since February.
Annual gross income spouse:
E58k
Type of employment:
My job is not very secure, private sector, my wife is a public sector employee, thankfully.
Expenditure pattern:
We are both generally "savers" and we like to live well within our means.
Rough estimate of value of home
E230k, but who knows?
Mortgage on home
Mortgage free since 2008, worked hard to clear this over the past 9 years.
Other borrowings – car loans/personal loans etc
None, own 2 cars (required for work), no other borrowings.
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
E14k in various EBS accounts. E10k in Credit Union. Invested money in a unit linked fund with Quinnlife in 2006, but put this on hold in 2008 as its value plummeted- probably worth less than E2k now.
Do you have a pension scheme?
Yes, I have a personal pension plan with New Ireland but this is on hold and probably worth less than E8k now; also had a company scheme which is now on hold and valued at less than E2k I imagine. I am very wary of pension schemes other than my wife's defined benefit model! Any value my plans had has been wiped out over the past few years.
Do you own any investment or other property?
No.
Ages of children:
4 and 3 years.
Life insurance:
No, but my wife's employment has a "Widows and Orphans" scheme of some kind.
What specific question do you have or what issues are of concern to you?
I think we're doing ok, considering the dreadful state of the country right now; we're mortgage and debt free, saving as best we can and always mindful of how we spend our money in these uncertain times. I know we need to consider life assurance, a pension for me and plan for our children's education. We would like to trade up to a slightly bigger home a couple of years down the line and we plan to have E35- 45k in cash savings by then, all going well. Our savings are not getting a good return in any of those accounts; I know there's room for improvement there. I would welcome any input, thanks.
Thanks.
37
Spouse’s/Partner's age:
34
Annual gross income from employment or profession:
E32k, was a lot better but now working a 3 day week due to the downturn in my sector. Also in receipt of €81 p/w Jobseeker's benefit but this won't last for much longer as I've been getting this payment since February.
Annual gross income spouse:
E58k
Type of employment:
My job is not very secure, private sector, my wife is a public sector employee, thankfully.
Expenditure pattern:
We are both generally "savers" and we like to live well within our means.
Rough estimate of value of home
E230k, but who knows?
Mortgage on home
Mortgage free since 2008, worked hard to clear this over the past 9 years.
Other borrowings – car loans/personal loans etc
None, own 2 cars (required for work), no other borrowings.
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
E14k in various EBS accounts. E10k in Credit Union. Invested money in a unit linked fund with Quinnlife in 2006, but put this on hold in 2008 as its value plummeted- probably worth less than E2k now.
Do you have a pension scheme?
Yes, I have a personal pension plan with New Ireland but this is on hold and probably worth less than E8k now; also had a company scheme which is now on hold and valued at less than E2k I imagine. I am very wary of pension schemes other than my wife's defined benefit model! Any value my plans had has been wiped out over the past few years.
Do you own any investment or other property?
No.
Ages of children:
4 and 3 years.
Life insurance:
No, but my wife's employment has a "Widows and Orphans" scheme of some kind.
What specific question do you have or what issues are of concern to you?
I think we're doing ok, considering the dreadful state of the country right now; we're mortgage and debt free, saving as best we can and always mindful of how we spend our money in these uncertain times. I know we need to consider life assurance, a pension for me and plan for our children's education. We would like to trade up to a slightly bigger home a couple of years down the line and we plan to have E35- 45k in cash savings by then, all going well. Our savings are not getting a good return in any of those accounts; I know there's room for improvement there. I would welcome any input, thanks.
Thanks.