The money in the post office is attracting a risible interest rate, considerably less than you are paying for your CU loan. First job would be to clear the CU loan from the fund you have built up. I am sure that was earmarked for college etc but you have time yet to build that up again.Really want to increase our savings & pensions & not sure where to start. should we increase pension or pay of credit union first or just try to save for a rainy day? Also I know post office not the best place to save child benefit but we are a bit clueless of other alternatives?
Think I will find getting rid of our cleaner the hardest to take!
If you give up the expensive holidays, surely you could give yourself the perk of continuing to hold onto the cleaner. You both work full time - keep the cleaner by saving the money elsewhere.
She can't afford this luxury
I disagree - it makes no sense to prioritise paying down a mortgage @ECB+0.5% over maximising all available pension relief.The goal should be to be debt free as soon as possible, once debt free invest so that their wealth grows so they are comfortable in retirement
value of home: €250,000
Mortgage left €115,000
Mortgage was low tracker with NIB 0.5% over ECB, now with Pepper Finance
Approx 12 years left
Repay €700 per month
Well spotted! Hadn't considered that sentence fully.What does this mean. Other posters seem to have taken it that you are on an ECB +0.5% rate, but is this still the case. Unlikely with Pepper.
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