Age: 33
Annual gross income from employment or profession: €41,000K PER ANNUM GROSS OR €2,7OO A MONTH AFTER TAX
Type of employment: PAYE worker
In general are you:
(a) spending more than you earn:No
(b) saving: Yes
Rough estimate of value of home: None( Renting €320 A Month)
Amount outstanding on your mortgage: NONE
Other borrowings – car loans/personal loans etc: NONE Overdraft of €940 to-day, should be back to zero in two weeks. From say September onwards avoid using overdraft to show clean bank statements for six months plus.
Do you pay off your full credit card balance each month: YES
Savings and investments: €18,500 In a bank Account.(12 Months ago I had only €5k saved and started saving from late Sept onwards)
Do you have a pension scheme: None
Do you own any investment or other property: No
Ages of children: None
PRESENT PLAN
Does the above plan make sense?
Annual gross income from employment or profession: €41,000K PER ANNUM GROSS OR €2,7OO A MONTH AFTER TAX
Type of employment: PAYE worker
In general are you:
(a) spending more than you earn:No
(b) saving: Yes
Rough estimate of value of home: None( Renting €320 A Month)
Amount outstanding on your mortgage: NONE
Other borrowings – car loans/personal loans etc: NONE Overdraft of €940 to-day, should be back to zero in two weeks. From say September onwards avoid using overdraft to show clean bank statements for six months plus.
Do you pay off your full credit card balance each month: YES
Savings and investments: €18,500 In a bank Account.(12 Months ago I had only €5k saved and started saving from late Sept onwards)
Do you have a pension scheme: None
Do you own any investment or other property: No
Ages of children: None
PRESENT PLAN
- Buy a house say July 2010.
- Estimate deposit needed €18,500(8%) plus €2,500 legal fees €21K.
- If possible try to have 1 years repayment €12k saved in advance and ring fence if any thing was to happen after JULY 2010.
Does the above plan make sense?