S
sanparom
Guest
Age: 33
Spouse’s/Partner's age: 34
Annual gross income from employment or profession: €44,083 (I also give grinds during the academic year which work out at roughly €100-€140 a week for around 15 weeks). My net fortnightly pay is €1197.
Annual gross income of spouse: €48,000
His net monthly pay is €2800
Type of employment: Education
In general are you:
(a) spending more than you earn - Spending more
(b) saving?
Rough estimate of value of home - € 200,000
Amount outstanding on your mortgage: € 190,000
What interest rate are you paying? - Not sure, sorry. It's variable, but can't remember rate.
Other borrowings – car loans/personal loans etc - €20,000 with credit union, 9,000 Friends First, 7,500 bank. These are the amounts which are left on each loan.
1 credit card - 2,700
Do you pay off your full credit card balance each month? No. I usually only pay minimum payment!
Spouse's loans are approximately 27,000.
Savings and investments: no
Do you have a pension scheme? Provided by employer - comes out of salary.
Do you own any investment or other property? No
Ages of children: N/A
Life insurance - €30 per month. Was previously over 100, but I couldn't afford that. I am recently married and have yet to add spouse to policy.
General outgoings
Esb - works out at roughly €15 a week.
Gas - in winter months (haven't used it at all over last few months) works out about €35 a week.
Phones - 100 a month for the two of us.
Bin charges - €25 a month
Magnet Entertainment (landline, phone, broadband) - €90 a month (paid by spouse)
House insurance (covered in property management bill, which I haven't paid in a while, but will be about €50 a month as I intend on setting up a direct debit soon).
Car insurance- €48 a month. Husband drives motorbike. Will have to double check how much he pays with him.
Tax - €90 every 3 months
Petrol - approx €30 a week
Food - approx €90 a week
I'm really looking for as much advice as I can get. I will ring MABS also, but I found this website tonight and thought that it might be worthwhile to ask for some advice here.
I know to a lot of you, I appear to be completely stupid. I am. I am a fool. I took out too many loans in my past - one time to furnish my new house, another time to set up a business (which subsequently failed. Was lucky I had taken a career break from permanent job), another time for a car. Silly, silly carry-on. I am now in the awful position where I cannot make ends meet. I am frequently left with no money just after I have been paid (I am paid fortnightly). I am a teacher and worked the past two summers all summer, but I couldn't get the same job this year. I applied for exam supervision, but didn't get it as I was silly and didn't send in my application form on time. I fully intend on doing this immediately in September.
We live in a 2 bed duplex apartment. It is tiny. There isn't enough room to swing a cat and I really don't like living here, but don't have the option to move elsewhere. I have suggested renting out the second room to my husband, but he says he doesn't like the idea of a stranger living in our house so that's a no-go.
I'm just wondering if anyone has any advice re which avenue I should take? I am extremely stressed out that I am in this situation at this point in my life (we would love to start trying for a baby now because of my age, but I know that bringing a baby into this situation would be crazy). I am very depressed about the mess I have gotten myself into and would be grateful for any help at all. Thank you.
Spouse’s/Partner's age: 34
Annual gross income from employment or profession: €44,083 (I also give grinds during the academic year which work out at roughly €100-€140 a week for around 15 weeks). My net fortnightly pay is €1197.
Annual gross income of spouse: €48,000
His net monthly pay is €2800
Type of employment: Education
In general are you:
(a) spending more than you earn - Spending more
(b) saving?
Rough estimate of value of home - € 200,000
Amount outstanding on your mortgage: € 190,000
What interest rate are you paying? - Not sure, sorry. It's variable, but can't remember rate.
Other borrowings – car loans/personal loans etc - €20,000 with credit union, 9,000 Friends First, 7,500 bank. These are the amounts which are left on each loan.
1 credit card - 2,700
Do you pay off your full credit card balance each month? No. I usually only pay minimum payment!
Spouse's loans are approximately 27,000.
Savings and investments: no
Do you have a pension scheme? Provided by employer - comes out of salary.
Do you own any investment or other property? No
Ages of children: N/A
Life insurance - €30 per month. Was previously over 100, but I couldn't afford that. I am recently married and have yet to add spouse to policy.
General outgoings
Esb - works out at roughly €15 a week.
Gas - in winter months (haven't used it at all over last few months) works out about €35 a week.
Phones - 100 a month for the two of us.
Bin charges - €25 a month
Magnet Entertainment (landline, phone, broadband) - €90 a month (paid by spouse)
House insurance (covered in property management bill, which I haven't paid in a while, but will be about €50 a month as I intend on setting up a direct debit soon).
Car insurance- €48 a month. Husband drives motorbike. Will have to double check how much he pays with him.
Tax - €90 every 3 months
Petrol - approx €30 a week
Food - approx €90 a week
I'm really looking for as much advice as I can get. I will ring MABS also, but I found this website tonight and thought that it might be worthwhile to ask for some advice here.
I know to a lot of you, I appear to be completely stupid. I am. I am a fool. I took out too many loans in my past - one time to furnish my new house, another time to set up a business (which subsequently failed. Was lucky I had taken a career break from permanent job), another time for a car. Silly, silly carry-on. I am now in the awful position where I cannot make ends meet. I am frequently left with no money just after I have been paid (I am paid fortnightly). I am a teacher and worked the past two summers all summer, but I couldn't get the same job this year. I applied for exam supervision, but didn't get it as I was silly and didn't send in my application form on time. I fully intend on doing this immediately in September.
We live in a 2 bed duplex apartment. It is tiny. There isn't enough room to swing a cat and I really don't like living here, but don't have the option to move elsewhere. I have suggested renting out the second room to my husband, but he says he doesn't like the idea of a stranger living in our house so that's a no-go.
I'm just wondering if anyone has any advice re which avenue I should take? I am extremely stressed out that I am in this situation at this point in my life (we would love to start trying for a baby now because of my age, but I know that bringing a baby into this situation would be crazy). I am very depressed about the mess I have gotten myself into and would be grateful for any help at all. Thank you.