Age: 28
Spouse’s/Partner's age: 36
Annual gross income from employment or profession: Net 2,480.02 per month
Annual gross income of spouse: Unemployed €196.00 per week
Type of employment: teacher.
In general are you:
(a) spending more than you earn, or
(b) saving?
Spending everything we earn. Living on a very small amount per week.
Rough estimate of value of home :220,000
Amount outstanding on your mortgage: 181,000
What interest rate are you paying? Tracker €686.62 per month (after TRS)
Other borrowings – car loans/personal loans etc
1: Boi Personal loan -owe €8,763.81 2 yrs 9 months left (€308.03 per month)
2: Cr Union – owe €16,195.58 3 yrs left ( €502.06 per month)
Overdraft – 1,600
Do you pay off your full credit card balance each month? NO
Other loan Payments
Cr Card 1 – MBNA 2,000 paying €150.00 per month ( Card is cut up)
Cr Card 2 –Tesco 3,000 paying €100 per month
Cr Card 3 – BOI 5,700 paying €150 per month but interest is €104 so getting no where (card also cut up)
Savings and investments:
€4,063 Credit Union ( tied into loan) Also saving €40 per month
Do you have a pension scheme?
Yes. Taken out of my wages before I get them
Do you own any investment or other property?
No
Ages of children:
None
Life insurance:
€47.65 per month
My husband is unemployed for nearly two years. We also got married two years ago and the loans were taken out to pay for wedding. The credit card debt is a result of living beyond our means when my husband lost his job and using the cards to keep us going from pay cheque to pay cheque.
We both acknowledge this and have cut up two of our three credit cards.
All our loans and credit cards and mortgage repayments are up to date.
Per month:
Approx expenses each month
Home Insurance: €32.82 p/m
Car Insurance: Spouse €33.00 p/m
Food: 200 p/m
Petrol: 120 p/m/
ESB: 60 p/m/
Broadband: 20p/m
Phone 20 p/m
Health Insurance: 64.61 per month
Cigs: 20 per day = 230 per month(This annoys me but husband won't budge)
Yearly Expenses :
My car Insurance – 300 per year
2 car tax - approx 300 each per year
Bins €240
Turf €250.00
Oil: €600
T.V. Licence €160.00
What I want to know is -
Any ideas? We are constantly living pay cheque to pay cheque. When we took out the loans my husband was working but now he is unemployed and I have taken a major cut in my wages. We have cut everything that we can already. I know my VHI seems expensive but I need it and hope to start a family soon so don’t want to change it. We shop in Aldi. My husband smokes which really bugs me but can’t get him to give them up.
I feel like it’s the little things that make it impossible for us e.g. birthdays, weddings , xmas as we never seem to be able to get ahead.
Was thinking of approaching BOI to see would they top up our existing loan to clear our credit card? But not sure if they would take this on seeing as we have so much debt.
We are constantly worried about money and we were both talking last night and we said all we want is to be able to pay all our bills and to buy groceries and not be trying to add up what we are putting into the trolley incase we can't pay for them.
We would love to start a family soon but really can't afford it. Any advice welcome?
Thanks in advance
Spouse’s/Partner's age: 36
Annual gross income from employment or profession: Net 2,480.02 per month
Annual gross income of spouse: Unemployed €196.00 per week
Type of employment: teacher.
In general are you:
(a) spending more than you earn, or
(b) saving?
Spending everything we earn. Living on a very small amount per week.
Rough estimate of value of home :220,000
Amount outstanding on your mortgage: 181,000
What interest rate are you paying? Tracker €686.62 per month (after TRS)
Other borrowings – car loans/personal loans etc
1: Boi Personal loan -owe €8,763.81 2 yrs 9 months left (€308.03 per month)
2: Cr Union – owe €16,195.58 3 yrs left ( €502.06 per month)
Overdraft – 1,600
Do you pay off your full credit card balance each month? NO
Other loan Payments
Cr Card 1 – MBNA 2,000 paying €150.00 per month ( Card is cut up)
Cr Card 2 –Tesco 3,000 paying €100 per month
Cr Card 3 – BOI 5,700 paying €150 per month but interest is €104 so getting no where (card also cut up)
Savings and investments:
€4,063 Credit Union ( tied into loan) Also saving €40 per month
Do you have a pension scheme?
Yes. Taken out of my wages before I get them
Do you own any investment or other property?
No
Ages of children:
None
Life insurance:
€47.65 per month
My husband is unemployed for nearly two years. We also got married two years ago and the loans were taken out to pay for wedding. The credit card debt is a result of living beyond our means when my husband lost his job and using the cards to keep us going from pay cheque to pay cheque.
We both acknowledge this and have cut up two of our three credit cards.
All our loans and credit cards and mortgage repayments are up to date.
Per month:
Approx expenses each month
Home Insurance: €32.82 p/m
Car Insurance: Spouse €33.00 p/m
Food: 200 p/m
Petrol: 120 p/m/
ESB: 60 p/m/
Broadband: 20p/m
Phone 20 p/m
Health Insurance: 64.61 per month
Cigs: 20 per day = 230 per month(This annoys me but husband won't budge)
Yearly Expenses :
My car Insurance – 300 per year
2 car tax - approx 300 each per year
Bins €240
Turf €250.00
Oil: €600
T.V. Licence €160.00
What I want to know is -
Any ideas? We are constantly living pay cheque to pay cheque. When we took out the loans my husband was working but now he is unemployed and I have taken a major cut in my wages. We have cut everything that we can already. I know my VHI seems expensive but I need it and hope to start a family soon so don’t want to change it. We shop in Aldi. My husband smokes which really bugs me but can’t get him to give them up.
I feel like it’s the little things that make it impossible for us e.g. birthdays, weddings , xmas as we never seem to be able to get ahead.
Was thinking of approaching BOI to see would they top up our existing loan to clear our credit card? But not sure if they would take this on seeing as we have so much debt.
We are constantly worried about money and we were both talking last night and we said all we want is to be able to pay all our bills and to buy groceries and not be trying to add up what we are putting into the trolley incase we can't pay for them.
We would love to start a family soon but really can't afford it. Any advice welcome?
Thanks in advance