Age:
37
Annual gross income from employment or profession:
€60,000
Type of employment:
Private sector employee
Expenditure pattern:
Saver, or have been until mortgage started 6 months ago. Spending plenty on house non necessities.
Rough estimate of value of home:
€425K
Mortgage on home
€170K
Mortgage provider:
AIB
Type of mortgage: Tracker, interest only, fixed rate
Variable (32 year)
Interest rate:
3.65%
Monthly available €:
After electricity/heat/food I have approx €2K in my account
Other borrowings – car loans/personal loans etc
None
Do you pay off your full credit card balance each month?
N/a
Savings and investments:
€10K savings.
Getting some work done in kitchen that'll cost circa €3K
Do you have a pension scheme?
No, this I understand to be my greatest financial misstep based on my age!
Do you own any investment or other property?
No.
Ages of children:
None.
Life insurance:
No.
Credit available:
€15K AIB Credit Card
€4K Revolut Credit Card
What specific question do you have or what issues are of concern to you?
I'm trying to keep an emergency fund but I keep checking AIB calculator and seeing that I can make decent total credit cost savings when I pay off extra often.
I've been doing that with any money left over my €10K savings
It's probably not the best use of funds here, especially when I have no pension started.
My employer doesn't offer contributions to pensions.
My employment is relatively safe, if I got into financial trouble I'd rent the spare room.
I think there'll be a resound You should start a pension response here, other posts suggest that a lot!
Any other, you could be doing this/doing this better, advice is appreciated.
37
Annual gross income from employment or profession:
€60,000
Type of employment:
Private sector employee
Expenditure pattern:
Saver, or have been until mortgage started 6 months ago. Spending plenty on house non necessities.
Rough estimate of value of home:
€425K
Mortgage on home
€170K
Mortgage provider:
AIB
Type of mortgage: Tracker, interest only, fixed rate
Variable (32 year)
Interest rate:
3.65%
Monthly available €:
After electricity/heat/food I have approx €2K in my account
Other borrowings – car loans/personal loans etc
None
Do you pay off your full credit card balance each month?
N/a
Savings and investments:
€10K savings.
Getting some work done in kitchen that'll cost circa €3K
Do you have a pension scheme?
No, this I understand to be my greatest financial misstep based on my age!
Do you own any investment or other property?
No.
Ages of children:
None.
Life insurance:
No.
Credit available:
€15K AIB Credit Card
€4K Revolut Credit Card
What specific question do you have or what issues are of concern to you?
I'm trying to keep an emergency fund but I keep checking AIB calculator and seeing that I can make decent total credit cost savings when I pay off extra often.
I've been doing that with any money left over my €10K savings
It's probably not the best use of funds here, especially when I have no pension started.
My employer doesn't offer contributions to pensions.
My employment is relatively safe, if I got into financial trouble I'd rent the spare room.
I think there'll be a resound You should start a pension response here, other posts suggest that a lot!
Any other, you could be doing this/doing this better, advice is appreciated.