C
carissacasey
Guest
Hi, I'm a journalist doing a piece on financial anxiety and how to deal with it. As a case study I have a 28 year old woman who is very stressed about her financial situation. I'm talking to other people for the piece but would be interested in what posters here would advice.
Age: 28
Annual gross income from employment or profession: 39k annual, 2610 monthly
Type of employment: Advertising (she's concerned about job security)
In general are you spending more than you earn or are you saving? She's not saving
Rough estimate of value of home: She doesn't know but did a search myself for 1 bed in Ringsend area, prices fluctuate between 249k and 420k (latter seems way excessive to me). She bought for 300k
Amount outstanding on your mortgage: She doesn't know (am getting her to check). Bought 3 years ago for 300k with morg of 250k, pays 1124 per month
What interest rate are you paying? She doesn't know but will get her to check
Other borrowings – car loans/personal loans etc: 4k owing to her parents
Do you pay off your full credit card balance each month? No - 200 paid last month
If not, what is the balance on your credit card? 2k
Savings and investments: None
Do you have a pension scheme? No
Do you own any investment or other property? No
Ages of children: None
Life insurance: Yeah, E16 a month
What specific question do you have or what issues are of concern to you?
She's in a panic cos she doesn't think she will manage if interest rates go up again, and fuel bills etc etc. She feels her financial position is precarious and it is causing a great deal of stress.
Any advice welcome! C
Age: 28
Annual gross income from employment or profession: 39k annual, 2610 monthly
Type of employment: Advertising (she's concerned about job security)
In general are you spending more than you earn or are you saving? She's not saving
Rough estimate of value of home: She doesn't know but did a search myself for 1 bed in Ringsend area, prices fluctuate between 249k and 420k (latter seems way excessive to me). She bought for 300k
Amount outstanding on your mortgage: She doesn't know (am getting her to check). Bought 3 years ago for 300k with morg of 250k, pays 1124 per month
What interest rate are you paying? She doesn't know but will get her to check
Other borrowings – car loans/personal loans etc: 4k owing to her parents
Do you pay off your full credit card balance each month? No - 200 paid last month
If not, what is the balance on your credit card? 2k
Savings and investments: None
Do you have a pension scheme? No
Do you own any investment or other property? No
Ages of children: None
Life insurance: Yeah, E16 a month
What specific question do you have or what issues are of concern to you?
She's in a panic cos she doesn't think she will manage if interest rates go up again, and fuel bills etc etc. She feels her financial position is precarious and it is causing a great deal of stress.
Any advice welcome! C