Age: 24
Gross Income: 25000
Type of Employment: Civil Servant
Expenditure pattern: In general are you spending more than you earn or are you saving: I am not saving anything and I am probably spending a bit more per week than I am earning and it is all bulding up unfortunately.
Rough estimate of value of home: I am not a home owner. I am renting in Dublin and paying €430 per month.
Borrowings:
€2500 personal loan with PTSB (€1,900 remaining - repayments of €221 per month)
€1000 overdraft with PTSB (currently fully overdrawn)
Do you pay off your full credit card balance each month: I always make sure I pay the minimum payment and generally try to pay €100 per week off it if I can. The balance at the moment is about €850.
Savings and investments: I currently have no savings
Do you have a pension scheme?: Yes but it is the basic Civil Service pension scheme and I have only been here for 2 years now so it's nothing big by any means
Do you own any investment or other property?: No
Children: No
Monthly outgoings:
Rent: €430pm
Loan Repayments: €221pm
Credit Card Repayments: €400pm
I generally am left with between €150-€180 a week after all these come out of my wages and I generally spend it all.
What specific question do you have or what issues are of concern to you?
I know that my debt here is a LOT smaller than a lot of people on here but at the same time it is depressing me. I can't ever afford to do things because I have so many repayments to make. I know that if I really knuckle down and get on top of things I can clear my credit card and clear the overdraft and then cancel the overdraft realistically within 3 months. The personal loan doesn't bother me as much because that will be cleared in December. I can handle that but it's just the other two. When I am clear of these can peopl advise me of where I should save? I know most banks are the same but I would like to put it somewhere where it will be hard to get at. I have a credit union account back home in Limerick but I only go home about once a month so I would only be tempted to spend some of the savings if I can put it directly in every week. I know people will probably think I am complaining over nothing as it is such a small amount of money compared to most people but I need really to learn how to manage my money and I would appreciate any help.
Gross Income: 25000
Type of Employment: Civil Servant
Expenditure pattern: In general are you spending more than you earn or are you saving: I am not saving anything and I am probably spending a bit more per week than I am earning and it is all bulding up unfortunately.
Rough estimate of value of home: I am not a home owner. I am renting in Dublin and paying €430 per month.
Borrowings:
€2500 personal loan with PTSB (€1,900 remaining - repayments of €221 per month)
€1000 overdraft with PTSB (currently fully overdrawn)
Do you pay off your full credit card balance each month: I always make sure I pay the minimum payment and generally try to pay €100 per week off it if I can. The balance at the moment is about €850.
Savings and investments: I currently have no savings
Do you have a pension scheme?: Yes but it is the basic Civil Service pension scheme and I have only been here for 2 years now so it's nothing big by any means
Do you own any investment or other property?: No
Children: No
Monthly outgoings:
Rent: €430pm
Loan Repayments: €221pm
Credit Card Repayments: €400pm
I generally am left with between €150-€180 a week after all these come out of my wages and I generally spend it all.
What specific question do you have or what issues are of concern to you?
I know that my debt here is a LOT smaller than a lot of people on here but at the same time it is depressing me. I can't ever afford to do things because I have so many repayments to make. I know that if I really knuckle down and get on top of things I can clear my credit card and clear the overdraft and then cancel the overdraft realistically within 3 months. The personal loan doesn't bother me as much because that will be cleared in December. I can handle that but it's just the other two. When I am clear of these can peopl advise me of where I should save? I know most banks are the same but I would like to put it somewhere where it will be hard to get at. I have a credit union account back home in Limerick but I only go home about once a month so I would only be tempted to spend some of the savings if I can put it directly in every week. I know people will probably think I am complaining over nothing as it is such a small amount of money compared to most people but I need really to learn how to manage my money and I would appreciate any help.