Age: 34
Spouse’s/Partner's age: 27
Annual gross income from employment or profession: €53k
Annual gross income of spouse: €50
Type of employment: e.g. Civil Servant, self-employed: private sector marketing
Other income: rent-a-room income €350-700 per month, depending on whether 1 or 2 rooms are rented. Generally €700 each month.
In general are you: (b)
(a) spending more than you earn, or
(b) saving?
Rough estimate of value of home: €200k
Amount outstanding on your mortgage: €250k
What interest rate are you paying? NIB LTV Tracker - ECB + .8%
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card?
Savings and investments: €2k Rabo Regular Investor, €1.5k Halifax, €1k Ulster Bank, €600 Credit Union, NIB €1.5k.
Do you have a pension scheme? TriBond with Zurich worth ca. €25k from previous job. Currently a PRSA with Irish Life worth ca. €20k, contributing €850 gross each month.
Do you own any investment or other property? no
Ages of children: none
Life insurance: Mortgage Protection
Monthly income:
After tax salary: €2,650
Rent-a-room: €350-700
Monthly outgoings:
Mortgage €1,150
Household bills, petrol and food €500
Car & house insurance, mortgage protection, car tax, holidays €600
discretionary spending €500
Before tax PRSA contribution €850
Savings €200-500
What specific question do you have or what issues are of concern to you? I haven't built up any savings, aside from an emergency fund of around €7k. Should I stop contributing to my PRSA for a year or so, with a view to getting savings together for medium term events like a wedding, deposit on a house etc.
Spouse’s/Partner's age: 27
Annual gross income from employment or profession: €53k
Annual gross income of spouse: €50
Type of employment: e.g. Civil Servant, self-employed: private sector marketing
Other income: rent-a-room income €350-700 per month, depending on whether 1 or 2 rooms are rented. Generally €700 each month.
In general are you: (b)
(a) spending more than you earn, or
(b) saving?
Rough estimate of value of home: €200k
Amount outstanding on your mortgage: €250k
What interest rate are you paying? NIB LTV Tracker - ECB + .8%
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card?
Savings and investments: €2k Rabo Regular Investor, €1.5k Halifax, €1k Ulster Bank, €600 Credit Union, NIB €1.5k.
Do you have a pension scheme? TriBond with Zurich worth ca. €25k from previous job. Currently a PRSA with Irish Life worth ca. €20k, contributing €850 gross each month.
Do you own any investment or other property? no
Ages of children: none
Life insurance: Mortgage Protection
Monthly income:
After tax salary: €2,650
Rent-a-room: €350-700
Monthly outgoings:
Mortgage €1,150
Household bills, petrol and food €500
Car & house insurance, mortgage protection, car tax, holidays €600
discretionary spending €500
Before tax PRSA contribution €850
Savings €200-500
What specific question do you have or what issues are of concern to you? I haven't built up any savings, aside from an emergency fund of around €7k. Should I stop contributing to my PRSA for a year or so, with a view to getting savings together for medium term events like a wedding, deposit on a house etc.