Jimmy ! Babcock
Registered User
- Messages
- 3
Age: 40
Spouse’s/Partner's age: 40
Annual gross income from employment or profession: 71000
Annual gross income of spouse: 39346
Monthly take-home pay -6200
Wife works in the public service. I am self employed.
In general are you:
(a) spending more than you earn, or Saving
(b) saving?
Rough estimate of value of home 200000
Amount outstanding on your mortgage: 180000
What interest rate are you paying? .85%
Other borrowings – car loans/personal loans etc 360 a month for a car 4 years left
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: Credit union 32000 Bank 36500
Do you have a pension scheme? Single contribution pension plan invested 10000 now worth 16466. Company pension plan payed in 14207 now worth 30056. I used to pay into that every month.
Do you own any investment or other property? NO
Ages of children: 19 + 11.
So I would like to know what should i be doing with the extra money I have every month? I am just looking for guidance and any information that may assist me.
Thanks in advance.
Spouse’s/Partner's age: 40
Annual gross income from employment or profession: 71000
Annual gross income of spouse: 39346
Monthly take-home pay -6200
Wife works in the public service. I am self employed.
In general are you:
(a) spending more than you earn, or Saving
(b) saving?
Rough estimate of value of home 200000
Amount outstanding on your mortgage: 180000
What interest rate are you paying? .85%
Other borrowings – car loans/personal loans etc 360 a month for a car 4 years left
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: Credit union 32000 Bank 36500
Do you have a pension scheme? Single contribution pension plan invested 10000 now worth 16466. Company pension plan payed in 14207 now worth 30056. I used to pay into that every month.
Do you own any investment or other property? NO
Ages of children: 19 + 11.
So I would like to know what should i be doing with the extra money I have every month? I am just looking for guidance and any information that may assist me.
Thanks in advance.
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