Age: 28
Spouse’s/Partner's age: n/a
Annual gross income from employment or profession: €31K
Annual gross income spouse: n/a
Type of employment: admin staff
Expenditure pattern: I get paid weekly and I'm always down to my last tenner the day before pay day.
Rough estimate of value of home: €210K
Mortgage on home: €210K
Mortgage provider: EBS
Type of mortgage: Tracker, interest only, fixed rate: Fixed rate, and I'm paying interest only for the first 3 years.
Interest rate: 4.99%
Other borrowings – car loans/personal loans etc: Personal loan with credit union - €4500 - I'm paying in €40 a week.
I own my car.
Do you pay off your full credit card balance each month? No, i pay about €20 a week.
If not, what is the balance on your credit card? €900
Savings and investments:
Credit union savings of €1500 - I put in €5 a week.
Rabobank savings of €400 approx - I put in €10 a week
Do you have a pension scheme?
No
Do you own any investment or other property?
No
Ages of children:
None
Life insurance:
yes
What specific question do you have or what issues are of concern to you?
My weekly wage is €500. My mortgage is €700 a month, each week I put aside 200 out of my weekly wages for the mortgage and any bills. Then 40 and 10 goes out to my loan and savings. Leaving me with 250 a week. I spend about 60 a week on petrol and 50 on food. Leaving me with 140 approx. I always seem to be left with nothing the day before pay-day. How can i manage my money better? I keep dipping into my savings account. I've only moved into my house about 6 months ago, but feel im struggling. Its so difficult if an unexpected expense comes up, for example I had to go to the doctor last week and that was 50 and then 30 on the prescription. I know i can claim 20 of the GP bill back on the VHI, but that takes ages. Living week to week is worrying me.
Is it worth keeping the rabo account going? Its only a tenner a week.
Should I take a loan to pay off my credit card and then cancel it?
Half my wages are gone each week before I can even buy a pint of milk.
Am i making the best of my money situation or can I do better?
Any suggestions or advice welcomed.
Spouse’s/Partner's age: n/a
Annual gross income from employment or profession: €31K
Annual gross income spouse: n/a
Type of employment: admin staff
Expenditure pattern: I get paid weekly and I'm always down to my last tenner the day before pay day.
Rough estimate of value of home: €210K
Mortgage on home: €210K
Mortgage provider: EBS
Type of mortgage: Tracker, interest only, fixed rate: Fixed rate, and I'm paying interest only for the first 3 years.
Interest rate: 4.99%
Other borrowings – car loans/personal loans etc: Personal loan with credit union - €4500 - I'm paying in €40 a week.
I own my car.
Do you pay off your full credit card balance each month? No, i pay about €20 a week.
If not, what is the balance on your credit card? €900
Savings and investments:
Credit union savings of €1500 - I put in €5 a week.
Rabobank savings of €400 approx - I put in €10 a week
Do you have a pension scheme?
No
Do you own any investment or other property?
No
Ages of children:
None
Life insurance:
yes
What specific question do you have or what issues are of concern to you?
My weekly wage is €500. My mortgage is €700 a month, each week I put aside 200 out of my weekly wages for the mortgage and any bills. Then 40 and 10 goes out to my loan and savings. Leaving me with 250 a week. I spend about 60 a week on petrol and 50 on food. Leaving me with 140 approx. I always seem to be left with nothing the day before pay-day. How can i manage my money better? I keep dipping into my savings account. I've only moved into my house about 6 months ago, but feel im struggling. Its so difficult if an unexpected expense comes up, for example I had to go to the doctor last week and that was 50 and then 30 on the prescription. I know i can claim 20 of the GP bill back on the VHI, but that takes ages. Living week to week is worrying me.
Is it worth keeping the rabo account going? Its only a tenner a week.
Should I take a loan to pay off my credit card and then cancel it?
Half my wages are gone each week before I can even buy a pint of milk.
Am i making the best of my money situation or can I do better?
Any suggestions or advice welcomed.