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pods
Guest
Age: 27
Spouse’s/Partner's age: 27
Annual gross income from employment or profession: 35,000
Annual gross income of spouse: 23,400
Type of employment: e.g. Civil Servant, self-employed:
Both private sector
In general are you:
(a) spending more than you earn, No
or
(b) saving? yes
Rough estimate of value of home: 210,000
Amount outstanding on your mortgage: Ca. 147,000
What interest rate are you paying?
Fixed rate 4.69% due to end September 09
Other borrowings – car loans/personal loans etc:
Credit Union - Ca. 9,000 outstanding (2yrs remaining)
Bank - Ca. 15,700 outstanding (4 yrs remaining)
Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card? 0.00
Savings and investments:
Credit union shares: 3,400 (Cannot touch but intend to use against next car loan when required)
Credit union savings: 1,700
Do you have a pension scheme? No
Do you own any investment or other property? No
Ages of children: None
Life insurance: Yes
Monthly outgoings:
Monthly fixed,Monthly variable and budgeted allowances for all annual must-do's = 1901.25 per month
Monthly Disposable allowance = 1628.00
What specific question do you have or what issues are of concern to you?
We have 480 at the end of each month after all of the above. I'm wondering what we should do with it. Save it to eventually marry or throw it into bank loan which at moment has interest rate of 10.2%?
Spouse’s/Partner's age: 27
Annual gross income from employment or profession: 35,000
Annual gross income of spouse: 23,400
Type of employment: e.g. Civil Servant, self-employed:
Both private sector
In general are you:
(a) spending more than you earn, No
or
(b) saving? yes
Rough estimate of value of home: 210,000
Amount outstanding on your mortgage: Ca. 147,000
What interest rate are you paying?
Fixed rate 4.69% due to end September 09
Other borrowings – car loans/personal loans etc:
Credit Union - Ca. 9,000 outstanding (2yrs remaining)
Bank - Ca. 15,700 outstanding (4 yrs remaining)
Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card? 0.00
Savings and investments:
Credit union shares: 3,400 (Cannot touch but intend to use against next car loan when required)
Credit union savings: 1,700
Do you have a pension scheme? No
Do you own any investment or other property? No
Ages of children: None
Life insurance: Yes
Monthly outgoings:
Monthly fixed,Monthly variable and budgeted allowances for all annual must-do's = 1901.25 per month
Monthly Disposable allowance = 1628.00
What specific question do you have or what issues are of concern to you?
We have 480 at the end of each month after all of the above. I'm wondering what we should do with it. Save it to eventually marry or throw it into bank loan which at moment has interest rate of 10.2%?