V
valona
Guest
Hi folks,
I've decided to get my finances in order, and am reading this site, but as a person who doesn't look at their account balance for fear of disappointment, it is safe to say that I have avoided these issues before now.
Age: 27
Salary: Basic of €35,000, overtime etc bring it to about €45000 per year before tax.
Current A/C: AIB Current A/C: Approx €8000-€10000 at pay time, closing balance on night before pay day €5750-€7500.
Credit Union €3000, €500 each month from my salary.
AIB Online Savings A/C €900, €50 from my current a/c each month.
SSIA A/C. Got €8500 for my SSIA, with the BOI, they automatically opened an a/c for me, have never even checked the balance.
Credit Card, cleared by Direct Debit at the end of month, have never paid interest.
As you can see, I have a nice lump of money, but it is all spread around and probably not working as well as it should. I intend to budget €10000 for a car in the new year. Plenty of outgoings, good social life etc which comes from current a/c but always have a balance.
Can anyone recommend a way to clear all this mess up into one/two/three accounts/investments. I would like to always have 2-3k in the current a/c for bills/direct debit/credit card payments. The rest I would like to put somewhere reasonably accessible. I downloaded a Rabodirect application form this evening, and will open an account, but as I have more than 10K is this the best place to invest all the rest?
As I intend to buy a shoebox in Carlow with a 35 year mortgage whilst commuting to Dublin in the next few years, I don't want to get my money wrapped up in something I cannot get regular access to. The 10k for the car will come from a credit union loan (currently at 6.5% intesest). I have never had a loan before, and am told it is wise to build a credit history? So I will need to keep money floating into the credit union a/c before I apply for the loan.
Can anyone offer any advice, or is this for a financial planner. And if so, how much do they charge, to put my house in order?
Cheers,
Val
I've decided to get my finances in order, and am reading this site, but as a person who doesn't look at their account balance for fear of disappointment, it is safe to say that I have avoided these issues before now.
Age: 27
Salary: Basic of €35,000, overtime etc bring it to about €45000 per year before tax.
Current A/C: AIB Current A/C: Approx €8000-€10000 at pay time, closing balance on night before pay day €5750-€7500.
Credit Union €3000, €500 each month from my salary.
AIB Online Savings A/C €900, €50 from my current a/c each month.
SSIA A/C. Got €8500 for my SSIA, with the BOI, they automatically opened an a/c for me, have never even checked the balance.
Credit Card, cleared by Direct Debit at the end of month, have never paid interest.
As you can see, I have a nice lump of money, but it is all spread around and probably not working as well as it should. I intend to budget €10000 for a car in the new year. Plenty of outgoings, good social life etc which comes from current a/c but always have a balance.
Can anyone recommend a way to clear all this mess up into one/two/three accounts/investments. I would like to always have 2-3k in the current a/c for bills/direct debit/credit card payments. The rest I would like to put somewhere reasonably accessible. I downloaded a Rabodirect application form this evening, and will open an account, but as I have more than 10K is this the best place to invest all the rest?
As I intend to buy a shoebox in Carlow with a 35 year mortgage whilst commuting to Dublin in the next few years, I don't want to get my money wrapped up in something I cannot get regular access to. The 10k for the car will come from a credit union loan (currently at 6.5% intesest). I have never had a loan before, and am told it is wise to build a credit history? So I will need to keep money floating into the credit union a/c before I apply for the loan.
Can anyone offer any advice, or is this for a financial planner. And if so, how much do they charge, to put my house in order?
Cheers,
Val