Age: 30
Spouse’s/Partner's age: 33
Annual gross income from employment or profession: 31,500 + bonus of around 5%
Annual gross income spouse:40,000 + bonus of around 3%
Type of employment: administrator (me). Engineer (spouse)
Expenditure pattern: In general are you spending more than you earn or are you saving? trying to live within my means.
Rough estimate of value of home 350,000
Mortgage on home: 150,000
Mortgage provider:Ulster Bank
Type of mortgage: Tracker
Interest rate: Not sure, around 5%
Other borrowings – CU loan: 100per month each (5k ish left)
Car loan, which I pay 650 per month into joint account (also included mortgage + house insurance + life insurance + phone+ esb bill)
Personal Loan: 350 per month, due to finish in April 08
Do you pay off your full credit card balance each month? no, paying off minimum. 1200 owed on this.
Savings and investments: I save 100 p/m to CU and 100p/m into savers a/c with AIB. - this covers holidays + Christmas for me every year. want to continue this.
Do you have a pension scheme? Yes, my company pays 10% of my salary into this without me having to contribute
Do you own any investment or other property? Yes.
Mortgage: 112,000 value 205,000 - Interest only mortgage, rent is covering mortgage + insurance+ refuse costs.
Ages of children: 0
Life insurance: yes - not sure of any details, as its part of the 650 I pay every month into joint account.
I always seem to be just meeting ends meet each month. We plan on (hopefully) having children within the next two years, and I dread to think how we will cope with this when we don't seem to be managing our money very well at the moment. At the moment my finances are separate to my husbands, It's just the way I prefer it, I have my account and he has his.
This will change when we have children.
On paper I think we are doing ok, both have decent jobs, getting paid ok etc, but all of our friends seem to be able to do a lot more than we can. Is it a case of them living beyond their means I wonder??
I also plan on getting a new car for myself early next year. My car is literally falling apart, so need something a bit better, looking to spend no more than 8k on a car.
I also know from looking at a lot of posts that the first thing you will probably say is I am mad to be saving and having money outstanding on my credit card. But I plan to clear the card by August next year (with my loan of 350 being gone in April next year)
I also have a casual job. I might earn 50 quid one month after tax, or 400 another after tax. It just depends on how busy the company is.
I hope I have given you enough info.
Thanks creme egg
Spouse’s/Partner's age: 33
Annual gross income from employment or profession: 31,500 + bonus of around 5%
Annual gross income spouse:40,000 + bonus of around 3%
Type of employment: administrator (me). Engineer (spouse)
Expenditure pattern: In general are you spending more than you earn or are you saving? trying to live within my means.
Rough estimate of value of home 350,000
Mortgage on home: 150,000
Mortgage provider:Ulster Bank
Type of mortgage: Tracker
Interest rate: Not sure, around 5%
Other borrowings – CU loan: 100per month each (5k ish left)
Car loan, which I pay 650 per month into joint account (also included mortgage + house insurance + life insurance + phone+ esb bill)
Personal Loan: 350 per month, due to finish in April 08
Do you pay off your full credit card balance each month? no, paying off minimum. 1200 owed on this.
Savings and investments: I save 100 p/m to CU and 100p/m into savers a/c with AIB. - this covers holidays + Christmas for me every year. want to continue this.
Do you have a pension scheme? Yes, my company pays 10% of my salary into this without me having to contribute
Do you own any investment or other property? Yes.
Mortgage: 112,000 value 205,000 - Interest only mortgage, rent is covering mortgage + insurance+ refuse costs.
Ages of children: 0
Life insurance: yes - not sure of any details, as its part of the 650 I pay every month into joint account.
I always seem to be just meeting ends meet each month. We plan on (hopefully) having children within the next two years, and I dread to think how we will cope with this when we don't seem to be managing our money very well at the moment. At the moment my finances are separate to my husbands, It's just the way I prefer it, I have my account and he has his.
This will change when we have children.
On paper I think we are doing ok, both have decent jobs, getting paid ok etc, but all of our friends seem to be able to do a lot more than we can. Is it a case of them living beyond their means I wonder??
I also plan on getting a new car for myself early next year. My car is literally falling apart, so need something a bit better, looking to spend no more than 8k on a car.
I also know from looking at a lot of posts that the first thing you will probably say is I am mad to be saving and having money outstanding on my credit card. But I plan to clear the card by August next year (with my loan of 350 being gone in April next year)
I also have a casual job. I might earn 50 quid one month after tax, or 400 another after tax. It just depends on how busy the company is.
I hope I have given you enough info.
Thanks creme egg