sunshimmer09
Registered User
- Messages
- 20
Age: 32
Spouse’s/Partner's age: 32
Annual gross income from employment or profession: €27k (1,800 per month)( work 3 days a week)
Spouse’s/Partner's €47k (3,000 per month)
Children’s allowance €140p/m
Type of employment: permanent (both)
In general are you:
(a) spending more than you earn, or
(b) saving?
spending
1 child
Rough estimate of value of home €150k
Amount outstanding on your mortgage: €330k
What interest rate are you paying? 4.25% variable €1310 p/m
Other borrowings – car loans/personal loans etc
Crèche €557 p/m
My car €157 p/m (24 payments left)
His car €300 p/m (24 payments left)
Personal loan €175 p/m (36 payments left)
Credit card balance €2500 pay approx €100 p/m
Life insurance €28 p/m
VHI €70 p/m (cover me and baby his is paid by employer)
Car insurance €70 p/m both cars
Petrol €200 month both cars
Toll €80 p/m
Food & nappies €500 p/m
Sky €100 p/m (I know high but it’s our only entertainment)
Mobile phones both paid by company
Management fees €120 p/m
Loan to parents for house deposit €200 p/m 4 years left
Internet €20
Gas/Electric €100 p/m
Misc €100
Total out €4187
Do you pay off your full credit card balance each month? No but have cut the card up
Savings and investments: None
Do you have a pension scheme? Yes (only one)
Ages of children: 12 months
The problem is we just cant seem to get ahead, we are both paid monthly and always seem to go into overdrafts every month we just seem to be chasing our tails.
Having both lost our jobs in 2009 for over 6 months we have got back to secure employment with guaranteed incomes again. We really want to start a savings plan. What should we target to save each month?
Spouse’s/Partner's age: 32
Annual gross income from employment or profession: €27k (1,800 per month)( work 3 days a week)
Spouse’s/Partner's €47k (3,000 per month)
Children’s allowance €140p/m
Type of employment: permanent (both)
In general are you:
(a) spending more than you earn, or
(b) saving?
spending
1 child
Rough estimate of value of home €150k
Amount outstanding on your mortgage: €330k
What interest rate are you paying? 4.25% variable €1310 p/m
Other borrowings – car loans/personal loans etc
Crèche €557 p/m
My car €157 p/m (24 payments left)
His car €300 p/m (24 payments left)
Personal loan €175 p/m (36 payments left)
Credit card balance €2500 pay approx €100 p/m
Life insurance €28 p/m
VHI €70 p/m (cover me and baby his is paid by employer)
Car insurance €70 p/m both cars
Petrol €200 month both cars
Toll €80 p/m
Food & nappies €500 p/m
Sky €100 p/m (I know high but it’s our only entertainment)
Mobile phones both paid by company
Management fees €120 p/m
Loan to parents for house deposit €200 p/m 4 years left
Internet €20
Gas/Electric €100 p/m
Misc €100
Total out €4187
Do you pay off your full credit card balance each month? No but have cut the card up
Savings and investments: None
Do you have a pension scheme? Yes (only one)
Ages of children: 12 months
The problem is we just cant seem to get ahead, we are both paid monthly and always seem to go into overdrafts every month we just seem to be chasing our tails.
Having both lost our jobs in 2009 for over 6 months we have got back to secure employment with guaranteed incomes again. We really want to start a savings plan. What should we target to save each month?