B
busybee09
Guest
Age: 39
Spouse’s/Partner's age:37
Annual gross income from employment or profession:varies was 90k last year will be closer to 30k this year
Annual gross income of spouse:16k
Type of employment:self employed , spouse private sector
In general are you:
(a) spending more than you earn, or
(b) saving?
A
Rough estimate of value of home 500k was 700k
Amount outstanding on your mortgage: 250k
What interest rate are you paying? ecb tracker +.6%
Other borrowings – car loans/personal loans etc none
Do you pay off your full credit card balance each month? yes
If not, what is the balance on your credit card?
Savings and investments:97k in inbs 1year at 6%
23k in 30 day notice account think its about 4%
2k in credit union at 3% interest
Do you have a pension scheme? yes v small 100 euro per month
Do you own any investment or other property? no
Ages of children: 2year old
Life insurance: yes 108 euro per month
What specific question do you have or what issues are of concern to you?
I am in a lucky position that i am about to inherit around 200k after tax.
My income from being self employed had dropped significantly in the last 4 months down from around 90k to 30k and may drop further
My question is simply what to do with this lump sum .
I figure i am on one of the best trackers available and with my income dropping may need my savings over the next 12 to eighteen months.
My wife is also worried about her job and may be made redundant.
our average monthly outgoings are as follows:-
car tax/ins € 160.00 petrol € 300.00 insurance € 250.00incl vhi/lifehouse ins € 32.00 tv € 26.00gas € 5.00 elec € 100.00 heat € 100.00 mortg € 1100.00 creche € 450.00bins € 25.00 food month € 600.00 drinks € 50.00 discretionry € 300.00 phone€ 250.0businessrelatedmostly)cars € 100.00 misc € 200.00 doctor € 50.00 clothes € 50.00
Spouse’s/Partner's age:37
Annual gross income from employment or profession:varies was 90k last year will be closer to 30k this year
Annual gross income of spouse:16k
Type of employment:self employed , spouse private sector
In general are you:
(a) spending more than you earn, or
(b) saving?
A
Rough estimate of value of home 500k was 700k
Amount outstanding on your mortgage: 250k
What interest rate are you paying? ecb tracker +.6%
Other borrowings – car loans/personal loans etc none
Do you pay off your full credit card balance each month? yes
If not, what is the balance on your credit card?
Savings and investments:97k in inbs 1year at 6%
23k in 30 day notice account think its about 4%
2k in credit union at 3% interest
Do you have a pension scheme? yes v small 100 euro per month
Do you own any investment or other property? no
Ages of children: 2year old
Life insurance: yes 108 euro per month
What specific question do you have or what issues are of concern to you?
I am in a lucky position that i am about to inherit around 200k after tax.
My income from being self employed had dropped significantly in the last 4 months down from around 90k to 30k and may drop further
My question is simply what to do with this lump sum .
I figure i am on one of the best trackers available and with my income dropping may need my savings over the next 12 to eighteen months.
My wife is also worried about her job and may be made redundant.
our average monthly outgoings are as follows:-
car tax/ins € 160.00 petrol € 300.00 insurance € 250.00incl vhi/lifehouse ins € 32.00 tv € 26.00gas € 5.00 elec € 100.00 heat € 100.00 mortg € 1100.00 creche € 450.00bins € 25.00 food month € 600.00 drinks € 50.00 discretionry € 300.00 phone€ 250.0businessrelatedmostly)cars € 100.00 misc € 200.00 doctor € 50.00 clothes € 50.00