C
CashUser
Guest
Hi there, this is the first time I have posted as I am a new user, when you read this post I know I will be blasted by some, for over spending, but I do need some real advice.
I work for the HSE, my basic income is €31,000 before O/T, Shift, Weekends etc, My wife does not work due to illness and will never work again, so I work all the hours I can to earn more.
Monthly Outgoings:
Insurance 150
Mortgage 1200....21 years left 212,000.00
Credit union's x 2 - 450....1 of 3500 x 3 years and 1 of 1500 x 1 year
Child care 350
Maintenance 400
Car Loan 360 ...5 years on 18,000.... 4 1/2 left
Credit Card's x 3 - 400 ....2 x 2500 and 1 x 3500
Food 400
Home Oil 400
Esb 100
Phone 200 inc mobile's x 2
Diesel 300
Med's 90
Sky 56
Broadband 20
Pension and AVC'S 400
Total euro 5276
Income
Wage 1450 fortnight , excluding over time after tax
Social welfare/long term sick 198.00 week = 396 fortnight
Child benefit is put into bank for long term for collage for 1 child, not included.
Total 1846 per fortnight = 3692 month income before the overtime I do
Savings,
3600 credit union
3200 Credit Union
What we were thinking is to borrow from my CU, the lesser one to pay off the 3 credit cards and the larger Credit union, 12000 in total, would we be saving a bit more with 1 CU loan over 2 CU loans and 3 credit cards?.
I know the sums do not work out with expense v income, but I do work all the hours I can and that brings in approx 1650 month after tax from the overtime.
We find it difficult to save with what is being spent, and yes I know there are more out there on less then me, but we live in a rural area, need the 2 cars, diesel is up, food is up, child care is up, nothing is down.
How can we save a bit more?, we do our shopping in aldi and lidl and some in dunnes, take 1 car when we can etc...
Thanks for taking the time to read this.
I work for the HSE, my basic income is €31,000 before O/T, Shift, Weekends etc, My wife does not work due to illness and will never work again, so I work all the hours I can to earn more.
Monthly Outgoings:
Insurance 150
Mortgage 1200....21 years left 212,000.00
Credit union's x 2 - 450....1 of 3500 x 3 years and 1 of 1500 x 1 year
Child care 350
Maintenance 400
Car Loan 360 ...5 years on 18,000.... 4 1/2 left
Credit Card's x 3 - 400 ....2 x 2500 and 1 x 3500
Food 400
Home Oil 400
Esb 100
Phone 200 inc mobile's x 2
Diesel 300
Med's 90
Sky 56
Broadband 20
Pension and AVC'S 400
Total euro 5276
Income
Wage 1450 fortnight , excluding over time after tax
Social welfare/long term sick 198.00 week = 396 fortnight
Child benefit is put into bank for long term for collage for 1 child, not included.
Total 1846 per fortnight = 3692 month income before the overtime I do
Savings,
3600 credit union
3200 Credit Union
What we were thinking is to borrow from my CU, the lesser one to pay off the 3 credit cards and the larger Credit union, 12000 in total, would we be saving a bit more with 1 CU loan over 2 CU loans and 3 credit cards?.
I know the sums do not work out with expense v income, but I do work all the hours I can and that brings in approx 1650 month after tax from the overtime.
We find it difficult to save with what is being spent, and yes I know there are more out there on less then me, but we live in a rural area, need the 2 cars, diesel is up, food is up, child care is up, nothing is down.
How can we save a bit more?, we do our shopping in aldi and lidl and some in dunnes, take 1 car when we can etc...
Thanks for taking the time to read this.