Age: 31
Spouse’s/Partner's age: na
Annual gross income from employment or profession: circa ~36k gross
Annual gross income spouse:na
Type of employment: e.g. Civil Servant, self-employed
-PAYE / Multinational
Expenditure pattern: In general are you spending more than you earn or are you saving? No, i dont spend more than I earn, quite frugal, and have most xmas shoppin done already
Rough estimate of value of home €265K
Mortgage on home €55k
Mortgage provider: FA
Type of mortgage: Tracker, interest only, fixed rate - Tracker
Interest rate 4.75%
Currently paying mortgage of €487pm net, also kept SSIA going and now pay extra €250 on top of that too as an extra payment.
Other borrowings – Nada / Zilch
Do you pay off your full credit card balance each month? Yup - just paid it off yesterday (€180)
If not, what is the balance on your credit card?
Savings and investments:
Current ac**** 5k - halifax
Shares 7.5k (most tied up for 3 yrs to avoid income tax) / Goverenment scheme with employer
Halifax regular saver €300pm (1500 at present)
Quinn life China fund 100% €150pm (only started so only 600 in there)
Foresty fund (1997) €500 one off payment/share - matures in another 20 years.
Northern rock (use as emergency fund) €1k
ebs building society €300 again as emergency fund / and as to keep an account open in event of demut.
Irish Nationwide €130 - touch and go if i get the windfall as need to wait till march 08 but keeping it there till i know for sure.
Local Credit union - €400 use this as saving for holiday fund / pay €100 pm in there now.
Do you have a pension scheme? Yes, pay 4% employer 6% , plus pay 15% AVCs
Do you own any investment or other property?
No
Ages of children:
na
Life insurance:
Standard house life insurance, plus work ensures us for 3 x salary
What specific question do you have or what issues are of concern to you?
Main concern is wanting to get rid of mortgage at this point in time, hopefully next month once i have a disposable €5k im going to pay this off mortgage aswell and knock another few years off. plan is to be mortgage free in 3 yrs, i know maybe seems crazy but I hate having loans /
owing money. Even have a big piggybank in the kitchen and everytime I have ANY change in the pocket it goes in there - this is an extra fund thats going to be paid off mortgage (currently €350 in there!)
Realise I should have more of a slosh/emergency fund so might add to this in time.
once mortgage is erased plan to invest money that would have otherwise been given to bank in intrest payments, and hopefully become more comfortable in the long term.
Spouse’s/Partner's age: na
Annual gross income from employment or profession: circa ~36k gross
Annual gross income spouse:na
Type of employment: e.g. Civil Servant, self-employed
-PAYE / Multinational
Expenditure pattern: In general are you spending more than you earn or are you saving? No, i dont spend more than I earn, quite frugal, and have most xmas shoppin done already
Rough estimate of value of home €265K
Mortgage on home €55k
Mortgage provider: FA
Type of mortgage: Tracker, interest only, fixed rate - Tracker
Interest rate 4.75%
Currently paying mortgage of €487pm net, also kept SSIA going and now pay extra €250 on top of that too as an extra payment.
Other borrowings – Nada / Zilch
Do you pay off your full credit card balance each month? Yup - just paid it off yesterday (€180)
If not, what is the balance on your credit card?
Savings and investments:
Current ac**** 5k - halifax
Shares 7.5k (most tied up for 3 yrs to avoid income tax) / Goverenment scheme with employer
Halifax regular saver €300pm (1500 at present)
Quinn life China fund 100% €150pm (only started so only 600 in there)
Foresty fund (1997) €500 one off payment/share - matures in another 20 years.
Northern rock (use as emergency fund) €1k
ebs building society €300 again as emergency fund / and as to keep an account open in event of demut.
Irish Nationwide €130 - touch and go if i get the windfall as need to wait till march 08 but keeping it there till i know for sure.
Local Credit union - €400 use this as saving for holiday fund / pay €100 pm in there now.
Do you have a pension scheme? Yes, pay 4% employer 6% , plus pay 15% AVCs
Do you own any investment or other property?
No
Ages of children:
na
Life insurance:
Standard house life insurance, plus work ensures us for 3 x salary
What specific question do you have or what issues are of concern to you?
Main concern is wanting to get rid of mortgage at this point in time, hopefully next month once i have a disposable €5k im going to pay this off mortgage aswell and knock another few years off. plan is to be mortgage free in 3 yrs, i know maybe seems crazy but I hate having loans /
owing money. Even have a big piggybank in the kitchen and everytime I have ANY change in the pocket it goes in there - this is an extra fund thats going to be paid off mortgage (currently €350 in there!)
Realise I should have more of a slosh/emergency fund so might add to this in time.
once mortgage is erased plan to invest money that would have otherwise been given to bank in intrest payments, and hopefully become more comfortable in the long term.