Age:
34
Spouse’s/Partner's age:
39
Annual gross income from employment or profession:
0
Annual gross income spouse:
€42,000
Type of employment:
Private sector
Rough estimate of value of home
Renting at €700 per month, but have investment property (see below)
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?
€1600 on other
Savings and investments:
€128,000 earning approx 2.1% with Ulster Bank
Do you have a pension scheme?
Yes, partner pays approx €115 per month
Do you own any investment or other property?
Yes. Value approx €130,000. Mortgage approx €95,000. Interest rate 1.95%
Ages of children:
3 and 6 months
Life insurance:
Yes on property only
What specific question do you have or what issues are of concern to you?
How realistic is the budget below? I was working part-time and then on maternity benefit. I would like to stay at home with the kids for the next two years. We have been spending all of our excess income on luxuries such as eating out.
Budget
700 Rent/Mortgage
100 UPC
40 Bord Gais
20 Bins
136 VHI
120 Medicine
50 Doctor
195 Playschool
50 Presents
167 Holidays
53 Road Tax
140 Diesel
67 Car Insurance
25 Mobile phone
115 Pension
866 Food, entertainment, clothes, hair
13 Life assurance
583 Mortgage repayments
Income
2700 Salary
280 Children's allowance
700 Rental income
34
Spouse’s/Partner's age:
39
Annual gross income from employment or profession:
0
Annual gross income spouse:
€42,000
Type of employment:
Private sector
Rough estimate of value of home
Renting at €700 per month, but have investment property (see below)
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?
€1600 on other
Savings and investments:
€128,000 earning approx 2.1% with Ulster Bank
Do you have a pension scheme?
Yes, partner pays approx €115 per month
Do you own any investment or other property?
Yes. Value approx €130,000. Mortgage approx €95,000. Interest rate 1.95%
Ages of children:
3 and 6 months
Life insurance:
Yes on property only
What specific question do you have or what issues are of concern to you?
How realistic is the budget below? I was working part-time and then on maternity benefit. I would like to stay at home with the kids for the next two years. We have been spending all of our excess income on luxuries such as eating out.
Budget
700 Rent/Mortgage
100 UPC
40 Bord Gais
20 Bins
136 VHI
120 Medicine
50 Doctor
195 Playschool
50 Presents
167 Holidays
53 Road Tax
140 Diesel
67 Car Insurance
25 Mobile phone
115 Pension
866 Food, entertainment, clothes, hair
13 Life assurance
583 Mortgage repayments
Income
2700 Salary
280 Children's allowance
700 Rental income