burger1979
Registered User
- Messages
- 142
Age: 29
Spouse’s/Partner's age: 28
Annual gross income from employment or profession: €44,505
Annual gross income of spouse: €45,000
Type of employment: e.g. Civil Servant, self-employed: I work in private sector, wife works in Trinity college
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving (I think)
Rough estimate of value of home: bought for 412K in sept 08 probably worth less now
Amount outstanding on your mortgage: 379K
What interest rate are you paying? 5.2% fixed till sept 2011
Other borrowings – car loans/personal loans etc I have a car loan 14K left.
Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card?
Savings and investments:
Credit union 4K
House current account 2.5K
Do you have a pension scheme? No but will be starting one soon (in the next 3 months) both of us will
Do you own any investment or other property? no
Ages of children: none
Life insurance: life insurance to cover the mortgage, also payment protection scheme should one of us get ill or lose job.
What specific question do you have or what issues are of concern to you?
House Monthly outgoings (per month)
Food €250
Sky €57
Eircom €60.00 (phone and broadband)
Elec €80 (budget figure only, hae only gotten one bill so far for €85.00)
Gas €120 (budget figure only, have not gotten a bill yet but one due soon)
Bins €28
Mortgage €1550.77
life insurance €34.40
Mortgage Payment Protection €93.53
We both put €1500 into the house account every month to cover the mortgage payments and bills. Any excess that is left over is left in the account and we use this money to decorate/re-furbish house.
Personal Spending (per month)
Savings €300.00 (we roughly save this per month after we have paid into the house account)
VHI €70 (my wife only, I am going to start a plan soon)
Car loan €250.00 (me only)
Social €100.00 each
Mobile Phone – Me €30.00
Mobile Phone – Wife €25.00
Pension (although not started yet budget only for now) €150.00 per month, each.
Basically I am looking for advice on our financial situation. Our house deposit and furnishing the house pretty much cleared our savings in September and we only have a bit left. From the short time that we have been living in the house and paying bills/mortgage etc we have never found ourselves to be short (we have even managed to pay for a skiing holiday out of the money that’s left over). After we bought the house we let our hair down a bit and splurged on some items and nights out (we got married in september too). Nothing fancy was spent on but we felt that after saving for so long getting the deposit for house and wedding and then furnishing the house we would ‘enjoy’ the house for the first few months.
So in peoples eyes there are we doing ok?
Thanks in advance for the replies
Burger1979
Spouse’s/Partner's age: 28
Annual gross income from employment or profession: €44,505
Annual gross income of spouse: €45,000
Type of employment: e.g. Civil Servant, self-employed: I work in private sector, wife works in Trinity college
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving (I think)
Rough estimate of value of home: bought for 412K in sept 08 probably worth less now
Amount outstanding on your mortgage: 379K
What interest rate are you paying? 5.2% fixed till sept 2011
Other borrowings – car loans/personal loans etc I have a car loan 14K left.
Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card?
Savings and investments:
Credit union 4K
House current account 2.5K
Do you have a pension scheme? No but will be starting one soon (in the next 3 months) both of us will
Do you own any investment or other property? no
Ages of children: none
Life insurance: life insurance to cover the mortgage, also payment protection scheme should one of us get ill or lose job.
What specific question do you have or what issues are of concern to you?
House Monthly outgoings (per month)
Food €250
Sky €57
Eircom €60.00 (phone and broadband)
Elec €80 (budget figure only, hae only gotten one bill so far for €85.00)
Gas €120 (budget figure only, have not gotten a bill yet but one due soon)
Bins €28
Mortgage €1550.77
life insurance €34.40
Mortgage Payment Protection €93.53
We both put €1500 into the house account every month to cover the mortgage payments and bills. Any excess that is left over is left in the account and we use this money to decorate/re-furbish house.
Personal Spending (per month)
Savings €300.00 (we roughly save this per month after we have paid into the house account)
VHI €70 (my wife only, I am going to start a plan soon)
Car loan €250.00 (me only)
Social €100.00 each
Mobile Phone – Me €30.00
Mobile Phone – Wife €25.00
Pension (although not started yet budget only for now) €150.00 per month, each.
Basically I am looking for advice on our financial situation. Our house deposit and furnishing the house pretty much cleared our savings in September and we only have a bit left. From the short time that we have been living in the house and paying bills/mortgage etc we have never found ourselves to be short (we have even managed to pay for a skiing holiday out of the money that’s left over). After we bought the house we let our hair down a bit and splurged on some items and nights out (we got married in september too). Nothing fancy was spent on but we felt that after saving for so long getting the deposit for house and wedding and then furnishing the house we would ‘enjoy’ the house for the first few months.
So in peoples eyes there are we doing ok?
Thanks in advance for the replies
Burger1979