hi there
posted here before,got some good advice and doing better now.looking to short and long term now with regards to savings.
Age: 29
Spouse’s/Partner's age: 31
Annual gross income from employment or profession:
Annual gross income of spouse:
53000 + overtime 20000
Type of employment: e.g. Civil Servant, self-employed -public service
In general are you:
(a) spending more than you earn, or
(b) saving?
saving
Rough estimate of value of home-275000
Amount outstanding on your mortgage: 270000
What interest rate are you paying?
5.09
Other borrowings – car loans/personal loans etc
600 p month loan
Do you pay off your full credit card balance each month? no credit card
If not, what is the balance on your credit card?
Savings and investments:
savings-
5k credit union
Do you have a pension scheme?
yes,public service
Do you own any investment or other property?
no
Ages of children:
18mths
Life insurance:
linked to mortgage
What specific question do you have or what issues are of concern to you?
should we be
a)overpaying on mortgage?
b)long term depost savings?
c)set up a/c for daughters future education?
d)just put all excess money into clearing loan?
e)set up extra life insurance /serious illness policies?
f)set up additional pension?
thanks
posted here before,got some good advice and doing better now.looking to short and long term now with regards to savings.
Age: 29
Spouse’s/Partner's age: 31
Annual gross income from employment or profession:
Annual gross income of spouse:
53000 + overtime 20000
Type of employment: e.g. Civil Servant, self-employed -public service
In general are you:
(a) spending more than you earn, or
(b) saving?
saving
Rough estimate of value of home-275000
Amount outstanding on your mortgage: 270000
What interest rate are you paying?
5.09
Other borrowings – car loans/personal loans etc
600 p month loan
Do you pay off your full credit card balance each month? no credit card
If not, what is the balance on your credit card?
Savings and investments:
savings-
5k credit union
Do you have a pension scheme?
yes,public service
Do you own any investment or other property?
no
Ages of children:
18mths
Life insurance:
linked to mortgage
What specific question do you have or what issues are of concern to you?
should we be
a)overpaying on mortgage?
b)long term depost savings?
c)set up a/c for daughters future education?
d)just put all excess money into clearing loan?
e)set up extra life insurance /serious illness policies?
f)set up additional pension?
thanks