frankandhonest
Registered User
- Messages
- 3
Age: 26
Spouse’s/Partner's age: 26
Annual gross income from employment or profession: 73500
Annual gross income of spouse: 35000
Monthly take-home pay:
4200 + 2,400 = 6600
Type of employment:
me: private sector - full time, permanent
spouse: public sector - full time, temporary
In general are you:
I'm saving 2k per month, spouse saves 500 per month.
Rough estimate of value of home:
Renting @1000/month
Other borrowings:
None
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
me:
31k prize bonds
9k in regular investment fund (I give 300 per month)
5k emergency fund in a savings account. I am going to keep building this to 10k and stop then due to the poor interest available in saving accounts.
spouse:
12k savings
Do you have a pension scheme?
Yes, I contribute 3% + employer gives 7%. Current value is 8k
Do you own any investment or other property?
No
Children
No children, and I don't anticipate this changing in the next 3/4 years.
Life + health insurance:
Paid by my employer
What specific question do you have or what issues are of concern to you?
While I enjoy my current job, it is not my passion. My dream job (unfortunately!) is in the public sector within the HSE. Salary scale starts at 30k and goes up to 42k + allowances. I plan to remain in my current position for another 3 years at most before changing.
I'm quite lucky to be earning such a good salary without have the high living costs of Dublin. I want to know how I can leverage this high income while I have it.
In the short/medium term, our goals are to buy a house. Our plan is to do this in the next 12-18 months (not in Dublin, so we're looking at 350k being the absolute maximum price). It doesn't have to be the "forever" home but we'd both like to get on the property ladder.
Long term, I would like a sense of financial security when I move to a lower paying job. I'm not sure if it makes sense to invest money in ETF's to achieve this and would appreciate any advice on this also.
Would it make sense to visit a financial advisor? Prices I see online are north of 1000 so I'm curious to hear of other people's experiences.
Spouse’s/Partner's age: 26
Annual gross income from employment or profession: 73500
Annual gross income of spouse: 35000
Monthly take-home pay:
4200 + 2,400 = 6600
Type of employment:
me: private sector - full time, permanent
spouse: public sector - full time, temporary
In general are you:
I'm saving 2k per month, spouse saves 500 per month.
Rough estimate of value of home:
Renting @1000/month
Other borrowings:
None
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
me:
31k prize bonds
9k in regular investment fund (I give 300 per month)
5k emergency fund in a savings account. I am going to keep building this to 10k and stop then due to the poor interest available in saving accounts.
spouse:
12k savings
Do you have a pension scheme?
Yes, I contribute 3% + employer gives 7%. Current value is 8k
Do you own any investment or other property?
No
Children
No children, and I don't anticipate this changing in the next 3/4 years.
Life + health insurance:
Paid by my employer
What specific question do you have or what issues are of concern to you?
While I enjoy my current job, it is not my passion. My dream job (unfortunately!) is in the public sector within the HSE. Salary scale starts at 30k and goes up to 42k + allowances. I plan to remain in my current position for another 3 years at most before changing.
I'm quite lucky to be earning such a good salary without have the high living costs of Dublin. I want to know how I can leverage this high income while I have it.
In the short/medium term, our goals are to buy a house. Our plan is to do this in the next 12-18 months (not in Dublin, so we're looking at 350k being the absolute maximum price). It doesn't have to be the "forever" home but we'd both like to get on the property ladder.
Long term, I would like a sense of financial security when I move to a lower paying job. I'm not sure if it makes sense to invest money in ETF's to achieve this and would appreciate any advice on this also.
Would it make sense to visit a financial advisor? Prices I see online are north of 1000 so I'm curious to hear of other people's experiences.
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