W
Ward
Guest
Age: 41
Spouse’s/Partner's age: Single
Annual gross income from employment or profession: 33,300
Annual gross income of spouse: 0
Type of employment: e.g. Civil Servant, self-employed Employed
In general are you:
(a) spending more than you earn, or/ YES
(b) saving?
Rough estimate of value of home 250,000
Amount outstanding on your mortgage: 235,000
What interest rate are you paying? Variable/ Mortage & Life Insurance & Mortgage Protection is 945pm
Other borrowings – car loans/personal loans etc 12,000 CU Loan, 3,000 Shares (Pay 75pw)
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? 2,200
Savings and investments: none
Do you have a pension scheme? none
Do you own any investment or other property?
Ages of children: 7
Life insurance: Yes, included in mortgage
I'm not sure where to getin but I'm in such a financial mess. (I can't seem to get rid of the underline sorry!)
Briefly, I'm a single mum to a 7yr old. I have always worked from day one and never had to rely on OPF etc. I was in a well paid job (45,000) until October of last year. This job made me eligible to apply for aff. housing and I've been blessed to get a beautiful 2 bed house. We moved in last October.
I had been renting for 9 years previous to that and NEVER missed a rent payment. I have currently missed 2 mortgage payments.
I have spoken to the Building Society and explained that I had to take a large chunk in salary late last year but got another full time permanent job, on a smaller salary. They agreed to allow me pay 1200 pm therby putting 250pm off my arrears. This has worked fine for the past 2 months.
My childcare is 480pm. I receive maintenance of 75pw which pays my CU loan directly.
My net salary is 2440 pm. I pay out 1680pm in mortgage & childcare which leaves me with 760 pm. I pay 100 off gas/esb and credit card pm. This leaves me with 460pm. My trainfare to work is 48pm. This leaves me with 412pm to buy shopping & phone credit, which I am finding almost impossible.
I am behind in all my bills, once again I got paid last week and have about 150 left to last me for the month....I don't see the point in working but keep trying to convince myself that I'm doing this for my son (his dad has no contact) and that in the future, I'll be glad I did it. It's a constant struggle...But today (once again) I'm begining to think I should pack it all in....I now have to book my son into summer camps over the holidays because I only have 20 days a/l left which has to last until christmas. I don't have the money to pay for the camps and I'm not sure what I'm going to do..
Has anyone any advice please??????? Thanks for reading
Spouse’s/Partner's age: Single
Annual gross income from employment or profession: 33,300
Annual gross income of spouse: 0
Type of employment: e.g. Civil Servant, self-employed Employed
In general are you:
(a) spending more than you earn, or/ YES
(b) saving?
Rough estimate of value of home 250,000
Amount outstanding on your mortgage: 235,000
What interest rate are you paying? Variable/ Mortage & Life Insurance & Mortgage Protection is 945pm
Other borrowings – car loans/personal loans etc 12,000 CU Loan, 3,000 Shares (Pay 75pw)
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? 2,200
Savings and investments: none
Do you have a pension scheme? none
Do you own any investment or other property?
Ages of children: 7
Life insurance: Yes, included in mortgage
I'm not sure where to getin but I'm in such a financial mess. (I can't seem to get rid of the underline sorry!)
Briefly, I'm a single mum to a 7yr old. I have always worked from day one and never had to rely on OPF etc. I was in a well paid job (45,000) until October of last year. This job made me eligible to apply for aff. housing and I've been blessed to get a beautiful 2 bed house. We moved in last October.
I had been renting for 9 years previous to that and NEVER missed a rent payment. I have currently missed 2 mortgage payments.
I have spoken to the Building Society and explained that I had to take a large chunk in salary late last year but got another full time permanent job, on a smaller salary. They agreed to allow me pay 1200 pm therby putting 250pm off my arrears. This has worked fine for the past 2 months.
My childcare is 480pm. I receive maintenance of 75pw which pays my CU loan directly.
My net salary is 2440 pm. I pay out 1680pm in mortgage & childcare which leaves me with 760 pm. I pay 100 off gas/esb and credit card pm. This leaves me with 460pm. My trainfare to work is 48pm. This leaves me with 412pm to buy shopping & phone credit, which I am finding almost impossible.
I am behind in all my bills, once again I got paid last week and have about 150 left to last me for the month....I don't see the point in working but keep trying to convince myself that I'm doing this for my son (his dad has no contact) and that in the future, I'll be glad I did it. It's a constant struggle...But today (once again) I'm begining to think I should pack it all in....I now have to book my son into summer camps over the holidays because I only have 20 days a/l left which has to last until christmas. I don't have the money to pay for the camps and I'm not sure what I'm going to do..
Has anyone any advice please??????? Thanks for reading