C
chop
Guest
I have been looking through this section and the advice is great on budgeting etc.
I have spent the last few days going through our income/outcome in detail. We basically dont have enough income to cover all our outgoings so looking at areas to reduce our costs. One area that popped up was Life cover -
72.35 pm for cover just for me
38.40 for joint cover for mortgage
101.29 for hubbys life cover (44.66 which is used as security for business loan)= Total €212.04
Problem - I reduced my hubbys life cover by €11.55 pm, but was advised to keep the rest in place as he had cancer 2 yrs ago at age 39 and that he might not get cover again. so still costing €89.74pm for him
I reduced mine by €36.26 but still paying €36.09 pm including life cover and critical illness cover. Should I cancel these or not. Both my sisters had breast cancer - one at 33 and other at 45.
we are really struggling to make ends meet and i'm so afraid to cancel these with our family history - what to i do. take a chance and cancel or try to keep repayments at the reduced level that i have done in last few days (i.e. 47.81) -- but we're stil paying €164.23 and have no life whatsoever and when i do our budget our outgoings exceed our income.
Thanks for any advice because we really at our wits end and still really feeling the aftermath financially from his sickness, consultant costs, excess fees etc.
I have spent the last few days going through our income/outcome in detail. We basically dont have enough income to cover all our outgoings so looking at areas to reduce our costs. One area that popped up was Life cover -
72.35 pm for cover just for me
38.40 for joint cover for mortgage
101.29 for hubbys life cover (44.66 which is used as security for business loan)= Total €212.04
Problem - I reduced my hubbys life cover by €11.55 pm, but was advised to keep the rest in place as he had cancer 2 yrs ago at age 39 and that he might not get cover again. so still costing €89.74pm for him
I reduced mine by €36.26 but still paying €36.09 pm including life cover and critical illness cover. Should I cancel these or not. Both my sisters had breast cancer - one at 33 and other at 45.
we are really struggling to make ends meet and i'm so afraid to cancel these with our family history - what to i do. take a chance and cancel or try to keep repayments at the reduced level that i have done in last few days (i.e. 47.81) -- but we're stil paying €164.23 and have no life whatsoever and when i do our budget our outgoings exceed our income.
Thanks for any advice because we really at our wits end and still really feeling the aftermath financially from his sickness, consultant costs, excess fees etc.