paddyodoors
Registered User
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Are you saying that both companies are currently offering voluntary redundancy?
Do you pay off your full credit card balance each month? Yes (usually)
not paying this off fully each month with your wages is crazy.
It would also depend on what you will do with the 92 K. I would personally pay off the mortgage seeing as you have 65k in savings.
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It would make sense for your wife to take redundancy if package was 92 K and with you planning to possibly have a third child and then to be able to cut back on childcare costs.
It would also depend on what you will do with the 92 K. I would personally pay off the mortgage seeing as you have 65k in savings.
Do you really need an extension? It is just that you will leave yourselves quite exposed with such a high mortgage especially if you lose your job - if not enough take redundancy in your place of work.
What is take home pay like and how are your spending habits? Can you start learning to live with a smaller disposable income now so you are well prepared.
No - its not volunatry, its just on the cards, and we can position ourselves to shown willingness.
Where do you have the lump sum portion of your 65k of savings?
As you are there less than 2 years are you confident you will get any redundancy at all if your role is made redundant? If it is not voluntary redundancy most companies wouldn't pay out anything.
Its with First active/Ulster.
I did query that sometime ago and hence have it on deposit instead of paying off - it was marginally better to keep on deposit, not to mention handier having the cash to hand.
but good point
cheers
Paddy
We pay 1600 a month in childcare costs and she would prefer to work locally part time rather than commuting and working full time anyway
I don't think anyone's disputing the amount of work involved in childcare. The OP's wife would be taking on a part time job.
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