Catering141
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- 33
[FONT="]Age: [/FONT][FONT="]27
Spouse’s/Partner's age: 31
Annual gross income from employment or profession: €25,888
Annual gross income of spouse: €35,460
Type of employment: Private Sector[/FONT]
[FONT="]
In general are you:
(a) spending more than you earn, or
(b) saving?[/FONT][FONT="]
[/FONT][FONT="]Saving a little but left with €0.00 at end of month (just out of overdrafts)[/FONT][FONT="]
[/FONT][FONT="]Rough estimate of value of home: [/FONT][FONT="]Purchased for €205,000 in 2007, probably worth €150,000[/FONT]
[FONT="]
Amount outstanding on your mortgage: [/FONT][FONT="]€198,727.97[/FONT]
[FONT="]
What interest rate are you paying? [/FONT][FONT="]5.650% fixed[/FONT]
[FONT="]
Other borrowings – car loans/personal loans etc: [/FONT]
[FONT="]Car Finance = €255 per month (20 months remaining €5,100)[/FONT]
[FONT="]Credit Union Loan = €336 per month (€14,968.67 remaining)[/FONT]
[FONT="]Spouse’s Credit Union Loan €130 per month (€3,696.82 remaining)
Do you pay off your full credit card balance each month? Yes & don’t really use it.
[/FONT][FONT="]
[/FONT][FONT="]If not, what is the balance on your credit card?
Savings and investments:[/FONT]
[FONT="]Credit Union = €50 per month (I plan on paying off my outstanding loan once it is on par with savings – currently 11,305.10)[/FONT]
[FONT="]Credit Union Spouse = €20 per month (Will also use these savings to pay off outstanding loan once they are on par – currently €830)[/FONT]
[FONT="]An Post = €100 per month[/FONT]
[FONT="]An Post Spouse = €60 per month[/FONT]
[FONT="]An Post Child = €40 per month[/FONT]
[FONT="]Have another €1,600 in savings in AIB account[/FONT]
[FONT="]Plan on taking 1,600 savings plus spouse’s credit union savings of 830 and hopefully, now that back on track with cash flow in house will have a couple of bob at end of month to add to it and get spouse’s credit union loan paid, then switch his 130 p.month from his credit union loan into my credit union loan and add to savings and get mine paid off and then pay off car finance loan last.[/FONT]
[FONT="]An Post - Currently receiving 25% dirt free at end of 5 years so once year one’s savings have been deposited untouched for 5 years get 25% interest. Start again in year two etc.[/FONT]
[FONT="]
[/FONT][FONT="]Do you have a pension scheme? [/FONT][FONT="]Yes through work they pay 6% of our salaries, we contribute nothing.
Do you own any investment or other property? No
Ages of children: 18 months old[/FONT]
[FONT="]
Life insurance: [/FONT][FONT="]Yes - [/FONT][FONT="]
[/FONT][FONT="]Net monthly salary[/FONT][FONT="] €4,226[/FONT][FONT="]
[/FONT][FONT="]Monthly Outgoings[/FONT][FONT="]
[/FONT]Mortgage €930.02 (after TRS, €1,117.52 before)
Loan repayments €721
[FONT="]
[/FONT]credit card bill approx €0.00
ins Mortgage protection €32.00
Health Insurance (employer pays) €0.00
Life insurance €18.75
Home insurance €38.88
Car Insurance (1 car) €41.16
ESB €50
[FONT="]Oil €60[/FONT]
[FONT="]Bins €24.10[/FONT]
Internet €19.99
TV (including licence) €94.00
Mobile Phones (*2)(recently cancelled bill) €40 (20 each)
Petrol €100
Creche €728
Groceries/food €400-€450
[FONT="]
[/FONT][FONT="]What specific question do you have or what issues are of concern to you?[/FONT]
[FONT="]My question is, do you recommend that we pay off our loans they way we have it proposed above?[/FONT]
[FONT="]
[/FONT]
[FONT="]Is there any savings account/scheme you would advise for small but regular savings instead of the An Post we have?[/FONT]
[FONT="]
[/FONT]
[FONT="]Do you see anywhere we can save on monthly expenditure?[/FONT]
[FONT="]
[/FONT]
[FONT="]We are recently married (3 month) so can avail of marriage tax credits next year. We were considering me trying to get part time in work or give up work altogether & try and work from home in the evenings (also a trained beautician). We don’t understand how to calculate which would be most beneficial for us cash flow wise each month. We would save with the crèche fees. How would the tax credits work? Would my husband take home much more after tax? Obviously we couldn’t afford to do any of this until the loans are paid off, but once these are gone (721) and the crèche (728) will be saved every month. This side of things I can calculate out, but how will we know how much extra my husband will take home and am I right in thinking that I can get a part-time job and earn 17,000 tax free as well?[/FONT]
[FONT="]Thanks in advance.[/FONT]
Spouse’s/Partner's age: 31
Annual gross income from employment or profession: €25,888
Annual gross income of spouse: €35,460
Type of employment: Private Sector[/FONT]
[FONT="]
In general are you:
(a) spending more than you earn, or
(b) saving?[/FONT][FONT="]
[/FONT][FONT="]Saving a little but left with €0.00 at end of month (just out of overdrafts)[/FONT][FONT="]
[/FONT][FONT="]Rough estimate of value of home: [/FONT][FONT="]Purchased for €205,000 in 2007, probably worth €150,000[/FONT]
[FONT="]
Amount outstanding on your mortgage: [/FONT][FONT="]€198,727.97[/FONT]
[FONT="]
What interest rate are you paying? [/FONT][FONT="]5.650% fixed[/FONT]
[FONT="]
Other borrowings – car loans/personal loans etc: [/FONT]
[FONT="]Car Finance = €255 per month (20 months remaining €5,100)[/FONT]
[FONT="]Credit Union Loan = €336 per month (€14,968.67 remaining)[/FONT]
[FONT="]Spouse’s Credit Union Loan €130 per month (€3,696.82 remaining)
Do you pay off your full credit card balance each month? Yes & don’t really use it.
[/FONT][FONT="]
[/FONT][FONT="]If not, what is the balance on your credit card?
Savings and investments:[/FONT]
[FONT="]Credit Union = €50 per month (I plan on paying off my outstanding loan once it is on par with savings – currently 11,305.10)[/FONT]
[FONT="]Credit Union Spouse = €20 per month (Will also use these savings to pay off outstanding loan once they are on par – currently €830)[/FONT]
[FONT="]An Post = €100 per month[/FONT]
[FONT="]An Post Spouse = €60 per month[/FONT]
[FONT="]An Post Child = €40 per month[/FONT]
[FONT="]Have another €1,600 in savings in AIB account[/FONT]
[FONT="]Plan on taking 1,600 savings plus spouse’s credit union savings of 830 and hopefully, now that back on track with cash flow in house will have a couple of bob at end of month to add to it and get spouse’s credit union loan paid, then switch his 130 p.month from his credit union loan into my credit union loan and add to savings and get mine paid off and then pay off car finance loan last.[/FONT]
[FONT="]An Post - Currently receiving 25% dirt free at end of 5 years so once year one’s savings have been deposited untouched for 5 years get 25% interest. Start again in year two etc.[/FONT]
[FONT="]
[/FONT][FONT="]Do you have a pension scheme? [/FONT][FONT="]Yes through work they pay 6% of our salaries, we contribute nothing.
Do you own any investment or other property? No
Ages of children: 18 months old[/FONT]
[FONT="]
Life insurance: [/FONT][FONT="]Yes - [/FONT][FONT="]
[/FONT][FONT="]Net monthly salary[/FONT][FONT="] €4,226[/FONT][FONT="]
[/FONT][FONT="]Monthly Outgoings[/FONT][FONT="]
[/FONT]Mortgage €930.02 (after TRS, €1,117.52 before)
Loan repayments €721
[FONT="]
[/FONT]credit card bill approx €0.00
ins Mortgage protection €32.00
Health Insurance (employer pays) €0.00
Life insurance €18.75
Home insurance €38.88
Car Insurance (1 car) €41.16
ESB €50
[FONT="]Oil €60[/FONT]
[FONT="]Bins €24.10[/FONT]
Internet €19.99
TV (including licence) €94.00
Mobile Phones (*2)(recently cancelled bill) €40 (20 each)
Petrol €100
Creche €728
Groceries/food €400-€450
[FONT="]
[/FONT][FONT="]What specific question do you have or what issues are of concern to you?[/FONT]
[FONT="]My question is, do you recommend that we pay off our loans they way we have it proposed above?[/FONT]
[FONT="]
[/FONT]
[FONT="]Is there any savings account/scheme you would advise for small but regular savings instead of the An Post we have?[/FONT]
[FONT="]
[/FONT]
[FONT="]Do you see anywhere we can save on monthly expenditure?[/FONT]
[FONT="]
[/FONT]
[FONT="]We are recently married (3 month) so can avail of marriage tax credits next year. We were considering me trying to get part time in work or give up work altogether & try and work from home in the evenings (also a trained beautician). We don’t understand how to calculate which would be most beneficial for us cash flow wise each month. We would save with the crèche fees. How would the tax credits work? Would my husband take home much more after tax? Obviously we couldn’t afford to do any of this until the loans are paid off, but once these are gone (721) and the crèche (728) will be saved every month. This side of things I can calculate out, but how will we know how much extra my husband will take home and am I right in thinking that I can get a part-time job and earn 17,000 tax free as well?[/FONT]
[FONT="]Thanks in advance.[/FONT]