Looking for some advice on what to do now. I bought my home two years ago and my partner will be moving in with me.
We hope to move in the next few years and would like some advice on how to maximise our savings, and advice on investments.
I've been lazy about saving until now but between us we're doing well financially and want to get things in order.
Age: 30
Spouse’s/Partner's age: 30
Annual gross income from employment or profession: 60,000
Annual gross income spouse: 80,000
Both full-time employed in the private sector
Expenditure pattern: Usually have 2,000 in my current account at the end of the month. I've left it there purely to cover the bits and pieces I've had to do to the house.
Rough estimate of value of home - 380,000
Mortgage on home - 280,000
Mortgage provider: Ulster Bank tracker LTV<80%
Interest rate - 4.75%
Other borrowings – car loans/personal loans etc - None
Do you pay off your full credit card balance each month? Yes
Savings and investments: I save 250 a month into an EBS SSIA Optimise account. I know there are better rates out there, which one?!
Do you have a pension scheme? Yes
Do you own any investment or other property? No
Life insurance: 16 a month
We hope to move in the next few years and would like some advice on how to maximise our savings, and advice on investments.
I've been lazy about saving until now but between us we're doing well financially and want to get things in order.
Age: 30
Spouse’s/Partner's age: 30
Annual gross income from employment or profession: 60,000
Annual gross income spouse: 80,000
Both full-time employed in the private sector
Expenditure pattern: Usually have 2,000 in my current account at the end of the month. I've left it there purely to cover the bits and pieces I've had to do to the house.
Rough estimate of value of home - 380,000
Mortgage on home - 280,000
Mortgage provider: Ulster Bank tracker LTV<80%
Interest rate - 4.75%
Other borrowings – car loans/personal loans etc - None
Do you pay off your full credit card balance each month? Yes
Savings and investments: I save 250 a month into an EBS SSIA Optimise account. I know there are better rates out there, which one?!
Do you have a pension scheme? Yes
Do you own any investment or other property? No
Life insurance: 16 a month