S
Slowly
Guest
Age: 29
Spouse’s/Partner's age: 29
Annual gross income from employment or profession: 52,000
Annual gross income of spouse: 63,500
Type of employment: e.g. Civil Servant, self-employed: Both private sector
In general are you:
(a) spending more than you earn, or
(b) saving? - We're saving
Rough estimate of value of home
Amount outstanding on your mortgage: N/A - Renting @ 950 per month
What interest rate are you paying? N/A
Other borrowings – car loans/personal loans etc - None
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: Total cash in our various accounts comes to 35k or so. We save between 2.5k to 3k a month depending on level of incidental spends. Wedding last year ate about 25k of our savings (!)
Do you have a pension scheme? I do, she doesn't
Do you own any investment or other property? No
Ages of children: None
Life insurance: Both covered through work at 4 times salary
What specific question do you have or what issues are of concern to you?
We are both from Cork but living in Dublin for several years now. We got married last year and would like to move back to Cork. It would appear the jobs market for me down in Cork is not too bad and I'd be confident of achieving parity of current wages. My wife would probably be looking at a drop to about 30-40k though (she currently works a shift pattern and the premium for that is boosting her wages significently). We'd like to start a family in the next year and would like to be near our family.
What would people advise? Should we start looking in Cork for jobs and take the plunge? Wait for a year or two and keep saving? I'm really hesitant to give up what we have but feel like we're putting our lives on hold.
Spouse’s/Partner's age: 29
Annual gross income from employment or profession: 52,000
Annual gross income of spouse: 63,500
Type of employment: e.g. Civil Servant, self-employed: Both private sector
In general are you:
(a) spending more than you earn, or
(b) saving? - We're saving
Rough estimate of value of home
Amount outstanding on your mortgage: N/A - Renting @ 950 per month
What interest rate are you paying? N/A
Other borrowings – car loans/personal loans etc - None
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: Total cash in our various accounts comes to 35k or so. We save between 2.5k to 3k a month depending on level of incidental spends. Wedding last year ate about 25k of our savings (!)
Do you have a pension scheme? I do, she doesn't
Do you own any investment or other property? No
Ages of children: None
Life insurance: Both covered through work at 4 times salary
What specific question do you have or what issues are of concern to you?
We are both from Cork but living in Dublin for several years now. We got married last year and would like to move back to Cork. It would appear the jobs market for me down in Cork is not too bad and I'd be confident of achieving parity of current wages. My wife would probably be looking at a drop to about 30-40k though (she currently works a shift pattern and the premium for that is boosting her wages significently). We'd like to start a family in the next year and would like to be near our family.
What would people advise? Should we start looking in Cork for jobs and take the plunge? Wait for a year or two and keep saving? I'm really hesitant to give up what we have but feel like we're putting our lives on hold.