Age: 33
Spouse’s/Partner's age: 35
Annual gross income from employment or profession: Stay at home Mum. €250 a month between Children’s allowance and early childcare sup.
Annual gross income of spouse: 80,000 + average on 20-30k on OT & bonus. 2008 was €118,000
Type of employment: Employed IT consultant
Rough estimate of value of home €400,000
Amount outstanding on your mortgage: €275,000
What interest rate are you paying? Fixed until May 2010 at4.5%
Other borrowings – Spouse’s Credit union €8,000
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? €1,500
Savings and investments: 4k savings in my Credit union. 7k in a savings where 50% goes into shares and the other half saved. Not sure of the full details.
Do you have a pension scheme? husband, 12% including company’s share.
Do you own any investment or other property? No
Ages of children: 1 child – 3yo
Life insurance: Mortgage protection & Spouse’s company will pay 3 times his salary if he dies.
What specific question do you have or what issues are of concern to you?
Spouse saves €130 a month, which goes into the saved/shared thingy! My question is I feel we can afford to save more but he thinks we can’t afford it. This is the only amount we are saving due to a lot of money spent on IVF over the last 4-5 years. Finished with IVF and need to get our finances/savings sorted.
Edit to add...
We have two cars 1-'02 and 2-'04. husband spends €80 a week on travel.
Spouse’s/Partner's age: 35
Annual gross income from employment or profession: Stay at home Mum. €250 a month between Children’s allowance and early childcare sup.
Annual gross income of spouse: 80,000 + average on 20-30k on OT & bonus. 2008 was €118,000
Type of employment: Employed IT consultant
Rough estimate of value of home €400,000
Amount outstanding on your mortgage: €275,000
What interest rate are you paying? Fixed until May 2010 at4.5%
Other borrowings – Spouse’s Credit union €8,000
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? €1,500
Savings and investments: 4k savings in my Credit union. 7k in a savings where 50% goes into shares and the other half saved. Not sure of the full details.
Do you have a pension scheme? husband, 12% including company’s share.
Do you own any investment or other property? No
Ages of children: 1 child – 3yo
Life insurance: Mortgage protection & Spouse’s company will pay 3 times his salary if he dies.
What specific question do you have or what issues are of concern to you?
Spouse saves €130 a month, which goes into the saved/shared thingy! My question is I feel we can afford to save more but he thinks we can’t afford it. This is the only amount we are saving due to a lot of money spent on IVF over the last 4-5 years. Finished with IVF and need to get our finances/savings sorted.
Edit to add...
We have two cars 1-'02 and 2-'04. husband spends €80 a week on travel.