I
Irisheyes
Guest
Age: 28
Spouse’s/Partner's age: Single
Annual gross income from employment or profession: €26,698
Type of employment:
Private Sector Employee
In general are you:
(a) spending more than you earn, or
(b) saving?
Spending way more than I earn.
Rough estimate of value of home: Not a home owner
Rent €400 a mth
Bills €80 every two mths (ie Gas ESB Sky)
Mobile & Internet €40 a mth
Other borrowings – car loans/personal loans etc
Car loan (BOI) - €8000 loan payments spread over 5yrs - €192 a month for the next four and half yrs.
Credit Card (BOI) - Balance of €6600 and I am only making the minimum payment of roughly €150 a month, Iv just
switched to a 2 in 1 Credit Card also with BOI as I was advised if I transfer my balance from the old card I would have 0% APR
for 6mths, but still abit unsure how this works I'm still waiting on first bill.
Credit Union - Loan balance €8,959 paying €360 a month.
Overdraft Facility (BOI) €850
Savings and investments: No savings, the only thing of value I own would be my car and that is probably worth about €6500
Do you have a pension scheme? Yes a Defined Benefit Scheme with my Employer for the last year, paying €108 a month.
Do you own any investment or other property? No
What specific question do you have or what issues are of concern to you?
I am paid monthly and my main problem is the week I get paid I pay no attention to what Im spending and completely blow my budget,
numerous times I have done out a budget and tried to stick to it but something unexpected always crops up, I dont see how I can start a savings account when I have all this outstanding debt it just feels pointless and then it comes to the week before I get paid and
I am completely stressed out with money worries. I know it is my fault that I have left it get out of control for so long, but
I am finally taking my head out the sand! So basically I am looking for the best advise on how to manage my finances and my debt
ie consolidate loans etc..This site has been really helpful and Im glad Im
not the only one out there with Financial worries but I feel if I dont get on top of this now I never will. I know some users will think I have not much to worry about as I am not a home owner or have children but any advise would be greatly appreciated.
Spouse’s/Partner's age: Single
Annual gross income from employment or profession: €26,698
Type of employment:
Private Sector Employee
In general are you:
(a) spending more than you earn, or
(b) saving?
Spending way more than I earn.
Rough estimate of value of home: Not a home owner
Rent €400 a mth
Bills €80 every two mths (ie Gas ESB Sky)
Mobile & Internet €40 a mth
Other borrowings – car loans/personal loans etc
Car loan (BOI) - €8000 loan payments spread over 5yrs - €192 a month for the next four and half yrs.
Credit Card (BOI) - Balance of €6600 and I am only making the minimum payment of roughly €150 a month, Iv just
switched to a 2 in 1 Credit Card also with BOI as I was advised if I transfer my balance from the old card I would have 0% APR
for 6mths, but still abit unsure how this works I'm still waiting on first bill.
Credit Union - Loan balance €8,959 paying €360 a month.
Overdraft Facility (BOI) €850
Savings and investments: No savings, the only thing of value I own would be my car and that is probably worth about €6500
Do you have a pension scheme? Yes a Defined Benefit Scheme with my Employer for the last year, paying €108 a month.
Do you own any investment or other property? No
What specific question do you have or what issues are of concern to you?
I am paid monthly and my main problem is the week I get paid I pay no attention to what Im spending and completely blow my budget,
numerous times I have done out a budget and tried to stick to it but something unexpected always crops up, I dont see how I can start a savings account when I have all this outstanding debt it just feels pointless and then it comes to the week before I get paid and
I am completely stressed out with money worries. I know it is my fault that I have left it get out of control for so long, but
I am finally taking my head out the sand! So basically I am looking for the best advise on how to manage my finances and my debt
ie consolidate loans etc..This site has been really helpful and Im glad Im
not the only one out there with Financial worries but I feel if I dont get on top of this now I never will. I know some users will think I have not much to worry about as I am not a home owner or have children but any advise would be greatly appreciated.