D
DinkDong
Guest
Age: 38
Spouse’s/Partner's age: 43
Annual gross income from employment or profession: 74K (3250 monthly)
Annual gross income of spouse: unemployed (made redundant in 08) - 200 per wk job seekers allowance (for another 6 months I think) (was approx 65K before hand)
Type of employment: e.g. Civil Servant, self-employed - Private Sector
In general are you:
(a) spending more than you earn, or
(b) saving? - saving
Rough estimate of value of home approx 800K
Amount outstanding on your mortgage: 250K
What interest rate are you paying? variable rate with AIB - approx 1000 per month (not sure as DH manages - I just transfer 1000 per month) - over 20 years
Other borrowings – car loans/personal loans etc
DH - Car loan 08 35K (wont sell it - commercial)
ME - Company Car
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:
Me - approx 50K (also various shares from different companies I worked in - really no idea of value to be honest which is really bad form)
DH - approx 45K
Do you have a pension scheme?
ME - Defined benefit
DH - None
Do you own any investment or other property?
Investment property bought in 2004 as PPR 365K
current value 300K - Tracker Mortgage AIB 25 years left @ 1400 per month - Rented at 1125 - home insurance 43 - only rented since March
Ages of children: 1.5 year
(potentially planning 1or 2 more in couple of years pg)
Life insurance: yes - both - me ark life 24.15 per month (not sure for the DH - All our finances are seperate) I look after investment - he looks after PPR)
What specific question do you have or what issues are of concern to you?
I know I am not in a desperate position now but I am just worried that with DH being out of work long term - that am I managing our finances correctly. I dont want to end up eating up all my savings just to live, especially if the government introduce new taxes etc. I dont want to have to penny pinch so want to help myself before this happens.
We have electricity bills of approx 150 per month and also phone of 60 per month and mobile of 80 per month between the two of us.
I know that my Investment property is not making me any money but really dont want to sell it as its in a nice development of only a few houses and in a nice area.
Also where is the best place to invest my 50K its just sitting in my current account.
Have my LO in creche for 800 a month - I would prefer to keep her here but think that this is mad with DH been out of work.
Anything else I can do to manage things better please.
Am I right in assuming that we wont be entitled to any SW when JSB is finished for DH?
Thanks all for the advise.
Spouse’s/Partner's age: 43
Annual gross income from employment or profession: 74K (3250 monthly)
Annual gross income of spouse: unemployed (made redundant in 08) - 200 per wk job seekers allowance (for another 6 months I think) (was approx 65K before hand)
Type of employment: e.g. Civil Servant, self-employed - Private Sector
In general are you:
(a) spending more than you earn, or
(b) saving? - saving
Rough estimate of value of home approx 800K
Amount outstanding on your mortgage: 250K
What interest rate are you paying? variable rate with AIB - approx 1000 per month (not sure as DH manages - I just transfer 1000 per month) - over 20 years
Other borrowings – car loans/personal loans etc
DH - Car loan 08 35K (wont sell it - commercial)
ME - Company Car
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:
Me - approx 50K (also various shares from different companies I worked in - really no idea of value to be honest which is really bad form)
DH - approx 45K
Do you have a pension scheme?
ME - Defined benefit
DH - None
Do you own any investment or other property?
Investment property bought in 2004 as PPR 365K
current value 300K - Tracker Mortgage AIB 25 years left @ 1400 per month - Rented at 1125 - home insurance 43 - only rented since March
Ages of children: 1.5 year
(potentially planning 1or 2 more in couple of years pg)
Life insurance: yes - both - me ark life 24.15 per month (not sure for the DH - All our finances are seperate) I look after investment - he looks after PPR)
What specific question do you have or what issues are of concern to you?
I know I am not in a desperate position now but I am just worried that with DH being out of work long term - that am I managing our finances correctly. I dont want to end up eating up all my savings just to live, especially if the government introduce new taxes etc. I dont want to have to penny pinch so want to help myself before this happens.
We have electricity bills of approx 150 per month and also phone of 60 per month and mobile of 80 per month between the two of us.
I know that my Investment property is not making me any money but really dont want to sell it as its in a nice development of only a few houses and in a nice area.
Also where is the best place to invest my 50K its just sitting in my current account.
Have my LO in creche for 800 a month - I would prefer to keep her here but think that this is mad with DH been out of work.
Anything else I can do to manage things better please.
Am I right in assuming that we wont be entitled to any SW when JSB is finished for DH?
Thanks all for the advise.
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