Age: 37 Spouse’s/Partner's age: 42 Annual gross income from employment or profession: 135,000 Annual gross income of spouse: 55,000 Monthly take-home pay 8,600 Type of employment: one civil servant, one self-employed In general are you: saving Rough estimate of value of home – 500,000 Amount outstanding on your mortgage: 308000 What interest rate are you paying? 3.3% variable Other borrowings – car loans/personal loans etc - nil Do you pay off your full credit card balance each month? Yes Savings and investments: 12,000 Do you have a pension scheme? Yes Do you own any investment or other property? No Ages of children: 7, 5, 1 (another due this year) Life insurance: Term life linked to mortgage instead of mortgage protection. Question: Would like to tidy up finances to try and be able to afford to put the children through college should they wish to go to college. Our current plan is to try and have the mortgage paid off in the next 13 years and then as a result free up cash to put the children through college. I think we need to switch our mortgage but am not sure whether to switch to AIB 2.95% variable which would allow us to overpay or KBC 5 year fixed at 2.65 % in view of the possibility that variable rates may start to rise in the next year. Generally looking for some advice on any changes I could make to improve our finances to plan for the future.