pinkfloyd34
Registered User
- Messages
- 15
Age: 37
Spouse’s/Partner's age:
Annual gross income from employment or profession: €38,740
Annual gross income of spouse:
Monthly take-home pay €2,340
Type of employment: e.g. Civil Servant, self-employed Civil Servant
In general are you:
(a) spending more than you earn, or
(b) saving? Breaking even
Rough estimate of value of home €90,000
Amount outstanding on your mortgage: €176,000
What interest rate are you paying? €3,50%
Other borrowings – car loans/personal loans etc None
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? €1,000
Savings and investments:
Do you have a pension scheme? Yes
Do you own any investment or other property?
Ages of children: 6 and 9
Life insurance: Yes
What specific question do you have or what issues are of concern to you?
I was left €60,000 recently and never had that type of money, I was wondering wheather to put it off the mortgage to reduce monthly payments or reduce the life time of it or invest it in the national solidarity scheme? I wouldnt be a risk taker and dont know much about shares to invest in them. I know if I leave the money in my current account it will just whittle away on unneccessary spending
Spouse’s/Partner's age:
Annual gross income from employment or profession: €38,740
Annual gross income of spouse:
Monthly take-home pay €2,340
Type of employment: e.g. Civil Servant, self-employed Civil Servant
In general are you:
(a) spending more than you earn, or
(b) saving? Breaking even
Rough estimate of value of home €90,000
Amount outstanding on your mortgage: €176,000
What interest rate are you paying? €3,50%
Other borrowings – car loans/personal loans etc None
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? €1,000
Savings and investments:
Do you have a pension scheme? Yes
Do you own any investment or other property?
Ages of children: 6 and 9
Life insurance: Yes
What specific question do you have or what issues are of concern to you?
I was left €60,000 recently and never had that type of money, I was wondering wheather to put it off the mortgage to reduce monthly payments or reduce the life time of it or invest it in the national solidarity scheme? I wouldnt be a risk taker and dont know much about shares to invest in them. I know if I leave the money in my current account it will just whittle away on unneccessary spending