I
ineedofhelp
Guest
Age: 26
Spouse’s/Partner's age: N/A
Annual gross income from employment or profession: 42,000
Annual gross income of spouse: N/A
Type of employment: e.g. Civil Servant, self-employed Public Sector Worker
In general are you:
(a) spending more than you earn, or
(b) saving?
Spending what I earn, not saving anything, just paying debts
Rough estimate of value of home: 280,000
Amount outstanding on your mortgage: 350,000
What interest rate are you paying? 4.7% Fixed rate till September this year
Other borrowings – car loans/personal loans etc
Personal loan = 15,000 (700euro a month until september 2012)
Student loan = 8,000 (30 euro a month for forseeable future)
credit Card = 2,000
Overdraft = 1,000
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? As above
Savings and investments:
Credit Union = 3,000 savings
Do you have a pension scheme? Yes. Public Sector pension
Do you own any investment or other property?
no
Ages of children: N/A
Life insurance: N/A
What specific question do you have or what issues are of concern to you?
Having been affected and taken a 17% pay cut this year, I am now at the stage where I do not think i can manage my finances any more. I am distraught over it. I am bringing home 750 euro a fortnight, 1500a month (after the Credit union loan is taken out at source) and having nothing to show for it at all. My mortgage is 900 a month (Bought with someone else who pays the other half of the mortgage). I am struggling to manage my bills - I have cancelled my phone contract, my internet bill,i have no sky. My wage comes in, I pay my mortgage, my credit card bill (which i let get to 2000 stupidly - i now pay what i can each month and keep it within its limit) and any gas bill etc. I am left with next to nothing.
Any help/ advice would be great.
Spouse’s/Partner's age: N/A
Annual gross income from employment or profession: 42,000
Annual gross income of spouse: N/A
Type of employment: e.g. Civil Servant, self-employed Public Sector Worker
In general are you:
(a) spending more than you earn, or
(b) saving?
Spending what I earn, not saving anything, just paying debts
Rough estimate of value of home: 280,000
Amount outstanding on your mortgage: 350,000
What interest rate are you paying? 4.7% Fixed rate till September this year
Other borrowings – car loans/personal loans etc
Personal loan = 15,000 (700euro a month until september 2012)
Student loan = 8,000 (30 euro a month for forseeable future)
credit Card = 2,000
Overdraft = 1,000
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? As above
Savings and investments:
Credit Union = 3,000 savings
Do you have a pension scheme? Yes. Public Sector pension
Do you own any investment or other property?
no
Ages of children: N/A
Life insurance: N/A
What specific question do you have or what issues are of concern to you?
Having been affected and taken a 17% pay cut this year, I am now at the stage where I do not think i can manage my finances any more. I am distraught over it. I am bringing home 750 euro a fortnight, 1500a month (after the Credit union loan is taken out at source) and having nothing to show for it at all. My mortgage is 900 a month (Bought with someone else who pays the other half of the mortgage). I am struggling to manage my bills - I have cancelled my phone contract, my internet bill,i have no sky. My wage comes in, I pay my mortgage, my credit card bill (which i let get to 2000 stupidly - i now pay what i can each month and keep it within its limit) and any gas bill etc. I am left with next to nothing.
Any help/ advice would be great.