What is outstanding on the mortgage now and what is the house worth roughly?Mortgage = 100% at €205000 in 2005
Are you on the most competitive rate for your circumstances?Mortgage rate = Tracker
Do you have any non mortgage debts?Outgoings
Could you avail of the taxsaver scheme?Husbands travel expences - Husband gets monthly train ticket - €241
My travel expences - Annual ticket deducted weekly from wage - €44
Do you need a new/replacement car?We are looking at getting a second car.one bigger than what we currently use whichis a fiesta but we will not be doing a trade in. Could we afford that?
Not meaning to be smart but of course it's affordable - as long as you cut your cloth to meet your measure and live within your means on an appropriate budget. As the old saying goes "you can get anything you want - but probably not everything that you want!".Eventually we would like to have children and i am wondering if we could afford this also. ANy help is really appriciated.
Can he not persuade them to facilitate this? After all they stand to save up to 10.75% employer PRSI on the ticket price too! Note that the scheme covers both annual and monthly tickets.Regarding the taxsaver scheme for the travel tickets, my job does this but my husbands soes not which is why he gets a monthly ticket.
The fact that repayments on this did not feature in your outline budget would make me question the accuracy of your first post. You probably need to keep a spending diary, log everything and from that identify your real budget and expenditure which might be cut back.Other debts are a loan for €2300 which we will have paid off by the end of this Oct 2008. No other loans.
Would a moped/scooter not be a more cost effective solution for secondary transport perhaps?A second car would be very useful as my husband will be working later hours and may be doing a training course, the train times for where we live are only suited to regular commuters so either he wouldnt get home on those days (about 3 times a week) or i would have to pick him up every evening which is about 40 mins drive each way.
What are the repayments so?I forgot to mention the loan as we only recently applied for it - Sorry.
The figures look too round to be accurate in my opinion. If they are rounded up then fair enough.There are no other outgoings from my origional post.
I'm not accusing you of lying! Well not deliberately anyway. I'm simply making the point that when people try to enumerate their monthly expenditure in rounded figures they often underestimate the actual expenditure and inaccurate data is no basis on which to make future plans! You would be much better off keeping a spending diary covering everything (no matter how small it may seem - sometimes the small discretionary purchases surreptitiously add up to a significant portion of your overall expenditure) for a few weeks/months and then looking at your actual expenditure. And averaging any ongoing regular expenses (e.g. household bills) over the year based on previous bills. Then you can start looking at where potential savings can be made and what a reasonable ongoing budget would look like.(Why would i lie about the figures- im looking for advice on my suitation)
Yes. Or just get/keep receipts for all purchases (no matter how small) and then tally them at your leisure.In these diaries, do you write EVERYTHING down such as small purchases, cinema, that sort of thing?
Sorry - I can't really say to be honest. I don't really know what it costs to buy/run a car.Club man, based on what you know about my suitation, apart from the diary, are you of the opinion that we should or should not get a second car? Are we that tight that we can not afford it?
I would avoid getting a 2nd car if I were you, cars are trouble and expense. That said you could buy a car for cash (save up a couple of grand) and put the €241/month towards running costs, €241 should nearly cover tax, insurance, repairs and petrol.We are looking at getting a second car.one bigger than what we currently use whichis a fiesta but we will not be doing a trade in. Could we afford that?
Also, my husband would be using motorways so these scooter/bikes would not be allowed.
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