Age: 36
Spouse’s/Partner's age: 33
Annual gross income from employment or profession: 30,000
Annual gross income of spouse:42,000
Type of employment: e.g. Civil Servant, self-employed: Receptionist & Barman
In general are you:
(a) spending more than you earn, or
(b) saving? Currently on unpaid extended maternity leave - have taken 3 month break on mortgage to make things easier financially during this time. Not saving but living within our means.
Rough estimate of value of home: Not quite sure the way things are at the moment! Approx. €300,000
Amount outstanding on your mortgage: €250,000
What interest rate are you paying? 2% approx. will know for sure when we start paying again next month.
Other borrowings – car loans/personal loans etc: Credit card €2,000
Do you pay off your full credit card balance each month? No, pay approx. €150 each month.
If not, what is the balance on your credit card? €2,000
Savings and investments: €45,000 in CU.
Do you have a pension scheme? Yes, contributory with work. Ditto with husband.
Do you own any investment or other property? Inherited a house in the country.
Ages of children: 7.5 months
Life insurance: Yes I think with mortgage?
What specific question do you have or what issues are of concern to you?
I am due back to work at the beginning of May but would really rather stay at home with my baby instead of putting her in a creche as I'm gone from 7:30am until 7pm 5 days a week. My question is can I afford to stay at home?
The cost of creche would be €200 per week.
Our current mortgage repayments are approx. €1,000 (I'm aware that interest rates won't stay this low for ever).
I've looked up Revenue.ie but with a small baby find it hard to spend time trawling through their site. I'd like to know - if I stop working does my husband get all my tax credits and what sort of difference would this make to his take home pay? Would he get extra also for having a dependent child?
Our house down the country is currently being renovated but within a couple of months we plan to rent it out which should bring in approx. €650 a month.
Also, there is the other thought that keeps entering my head that while I have a job maybe I should be holding onto it while things are so grim economically.
Thanks for reading and any thoughts/info/advice/opinions would be appreciated.
Spouse’s/Partner's age: 33
Annual gross income from employment or profession: 30,000
Annual gross income of spouse:42,000
Type of employment: e.g. Civil Servant, self-employed: Receptionist & Barman
In general are you:
(a) spending more than you earn, or
(b) saving? Currently on unpaid extended maternity leave - have taken 3 month break on mortgage to make things easier financially during this time. Not saving but living within our means.
Rough estimate of value of home: Not quite sure the way things are at the moment! Approx. €300,000
Amount outstanding on your mortgage: €250,000
What interest rate are you paying? 2% approx. will know for sure when we start paying again next month.
Other borrowings – car loans/personal loans etc: Credit card €2,000
Do you pay off your full credit card balance each month? No, pay approx. €150 each month.
If not, what is the balance on your credit card? €2,000
Savings and investments: €45,000 in CU.
Do you have a pension scheme? Yes, contributory with work. Ditto with husband.
Do you own any investment or other property? Inherited a house in the country.
Ages of children: 7.5 months
Life insurance: Yes I think with mortgage?
What specific question do you have or what issues are of concern to you?
I am due back to work at the beginning of May but would really rather stay at home with my baby instead of putting her in a creche as I'm gone from 7:30am until 7pm 5 days a week. My question is can I afford to stay at home?
The cost of creche would be €200 per week.
Our current mortgage repayments are approx. €1,000 (I'm aware that interest rates won't stay this low for ever).
I've looked up Revenue.ie but with a small baby find it hard to spend time trawling through their site. I'd like to know - if I stop working does my husband get all my tax credits and what sort of difference would this make to his take home pay? Would he get extra also for having a dependent child?
Our house down the country is currently being renovated but within a couple of months we plan to rent it out which should bring in approx. €650 a month.
Also, there is the other thought that keeps entering my head that while I have a job maybe I should be holding onto it while things are so grim economically.
Thanks for reading and any thoughts/info/advice/opinions would be appreciated.