B
BaBa25
Guest
Age: 27
Spouse’s/Partner's age: n/a
Annual gross income from employment or profession: 42k
Annual gross income of spouse:n/a
Type of employment: e.g. Private Sector
In general are you spending more than you earn or are you saving? Trying to Save
Rough estimate of value of home
Amount outstanding on your mortgage: n/a, renting at 550pm
What interest rate are you paying?
Other borrowings – car loans/personal loans:
Car Loan1: 148pm approx €1500.00 remaining
CarLoan 2: €200pm- traded up without the first loan being paid off.
Insurance: 40pm
Travel/Petrol: €260pm
Phone: €100pm
Other bills: approx €70pm
Do you pay off your full credit card balance each month? No, the min balance each month.
If not, what is the balance on your credit card? €4,500
Savings and investments: Savings of €1,100 - this was €6k but recently had to pay for a college course/exams etc, have €400dd going into the savings a/cc each month
Do you have a pension scheme? Yes, contrib'
Do you own any investment or other property? No
Ages of children: n/a
Life insurance: AVC
What specific question do you have or what issues are of concern to you?
The credit card is a concern at the moment. I have not used it for months but am struggling to bring the balance down. I have started a spending diary which i hope will help but I'm concerned with the lack of savings and high debt. I work outside of the county i live in, hence the travel amount.
I also know the car loan was not a great idea when the first loan wasn't paid off but i did need something more reliable.
I'm expecting a bonus of approx €4k in the next few months. Should I pay off the CC? I was thinking of a bank loan to conver the CC as it would be quicker than waiting for the bonus..
Any advice welcome.
Spouse’s/Partner's age: n/a
Annual gross income from employment or profession: 42k
Annual gross income of spouse:n/a
Type of employment: e.g. Private Sector
In general are you spending more than you earn or are you saving? Trying to Save
Rough estimate of value of home
Amount outstanding on your mortgage: n/a, renting at 550pm
What interest rate are you paying?
Other borrowings – car loans/personal loans:
Car Loan1: 148pm approx €1500.00 remaining
CarLoan 2: €200pm- traded up without the first loan being paid off.
Insurance: 40pm
Travel/Petrol: €260pm
Phone: €100pm
Other bills: approx €70pm
Do you pay off your full credit card balance each month? No, the min balance each month.
If not, what is the balance on your credit card? €4,500
Savings and investments: Savings of €1,100 - this was €6k but recently had to pay for a college course/exams etc, have €400dd going into the savings a/cc each month
Do you have a pension scheme? Yes, contrib'
Do you own any investment or other property? No
Ages of children: n/a
Life insurance: AVC
What specific question do you have or what issues are of concern to you?
The credit card is a concern at the moment. I have not used it for months but am struggling to bring the balance down. I have started a spending diary which i hope will help but I'm concerned with the lack of savings and high debt. I work outside of the county i live in, hence the travel amount.
I also know the car loan was not a great idea when the first loan wasn't paid off but i did need something more reliable.
I'm expecting a bonus of approx €4k in the next few months. Should I pay off the CC? I was thinking of a bank loan to conver the CC as it would be quicker than waiting for the bonus..
Any advice welcome.
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