E
eireann
Guest
Age:
31
Spouse’s/Partner's age:
29
Annual gross income from employment or profession:
£29000 sterling
Annual gross income spouse:
E33,000
Type of employment:
Public Servant in Northern Ireland (cross border worker)
Spouse private sector
Expenditure pattern:
Most money goes on repayment of debt. Never seem to have any money left over at end of month.
Other monthly expenditure
Diesel €250
Food €250
Bins €12
Sky €67 NEVER go out
Life insurance €30
House Insurance €40
Car Insurance €35
Van Insurance €35
Phone €40
Mobiles €40
Car Tax €35
ESB €150
Childminder was €512 but due to double with second child
Rough estimate of value of home
E400,000
Mortgage on home
E180,000 - 21 years left
Mortgage provider:
Ulser Bank
Type of mortgage: Tracker, interest only, fixed rate
Tracker
Interest rate
Tracker of ECB+0.85%
Other borrowings – car loans/personal loans etc
Persoanl loan €20000 reamining First active 7.1% 21 months remaining €990p/m
Car loan about €8000 remaining with 7.3% BOI 3 years remaining €305 p/m
Credit card €2300 remaining at 0% with Halifax
Spouse has an overdraft of €2-3000 p/m
Do you pay off your full credit card balance each month?
No. Keep moving providers to avail of 0% balance trasfer rate.
Savings and investments:
None
Do you have a pension scheme?
Yes, I have a public service pension from the UK
Spouses company pay into a company scheme
Do you own any investment or other property?
No.
Ages of children:
2+1
Life insurance:
Yes.
What specific question do you have or what issues are of concern to you?
Basically our personal loan of €990 p/m is killing us. We applied for a top up to our mortgage to consolidate it and were approved but through slackness on our and the banks part the offer went out of date. Is it the best thing to do to try to solve our money problems or should we continue paying it off as there are less than 2 years remaining. Or are there any other ways around this. We take in good enough money including child benefit but just cannot seem to get our heads above water.I have a permenant job and my spouse should be ok for the next ear but nothing is guaranteed.
I am also currently on maternity leave but am considering going back to work part-time. With tax credits in the north, working less than half the hours would reduce my pay by approximately €400p/m which would make sense as we would not have to pay a childminder as much.
Any advice greatly received
Thanks!
31
Spouse’s/Partner's age:
29
Annual gross income from employment or profession:
£29000 sterling
Annual gross income spouse:
E33,000
Type of employment:
Public Servant in Northern Ireland (cross border worker)
Spouse private sector
Expenditure pattern:
Most money goes on repayment of debt. Never seem to have any money left over at end of month.
Other monthly expenditure
Diesel €250
Food €250
Bins €12
Sky €67 NEVER go out
Life insurance €30
House Insurance €40
Car Insurance €35
Van Insurance €35
Phone €40
Mobiles €40
Car Tax €35
ESB €150
Childminder was €512 but due to double with second child
Rough estimate of value of home
E400,000
Mortgage on home
E180,000 - 21 years left
Mortgage provider:
Ulser Bank
Type of mortgage: Tracker, interest only, fixed rate
Tracker
Interest rate
Tracker of ECB+0.85%
Other borrowings – car loans/personal loans etc
Persoanl loan €20000 reamining First active 7.1% 21 months remaining €990p/m
Car loan about €8000 remaining with 7.3% BOI 3 years remaining €305 p/m
Credit card €2300 remaining at 0% with Halifax
Spouse has an overdraft of €2-3000 p/m
Do you pay off your full credit card balance each month?
No. Keep moving providers to avail of 0% balance trasfer rate.
Savings and investments:
None
Do you have a pension scheme?
Yes, I have a public service pension from the UK
Spouses company pay into a company scheme
Do you own any investment or other property?
No.
Ages of children:
2+1
Life insurance:
Yes.
What specific question do you have or what issues are of concern to you?
Basically our personal loan of €990 p/m is killing us. We applied for a top up to our mortgage to consolidate it and were approved but through slackness on our and the banks part the offer went out of date. Is it the best thing to do to try to solve our money problems or should we continue paying it off as there are less than 2 years remaining. Or are there any other ways around this. We take in good enough money including child benefit but just cannot seem to get our heads above water.I have a permenant job and my spouse should be ok for the next ear but nothing is guaranteed.
I am also currently on maternity leave but am considering going back to work part-time. With tax credits in the north, working less than half the hours would reduce my pay by approximately €400p/m which would make sense as we would not have to pay a childminder as much.
Any advice greatly received
Thanks!