You're paying €45 a month in interest to pretend that you've got savings. You've got debt. Let's get rid of it, fast. http://www.mrmoneymustache.com/2012/04/18/news-flash-your-debt-is-an-emergency/Borrowings
3.5k Credit Union ( -1k in shares )
3k Credit Card.
Savings and investments
4k Savings
Your monthly repayments for €270,000 will be about €1,200. The bank want to see that you can repay the mortgage if interest rates go up by 2%, so that's €1,500 for you. Open a regular savers account and have a standing order in place so that the day after payday, €1,500 is transferred from your current account to the saving accounts.
This is your mortgage account. Do not take anything out of it, it will count against you when showing the bank your savings.
I don't see any reason why they couldn't save €2,000 a month.
I don't disagree with the maths behind this suggestion.Is your pension contribution mandatory? If not, then stop making it and keep the money available to buy a house. If your employer matches your contribution, then keep it up.
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