Going by www.taxcalc.eu take home should be around €7,800 for 2008 depending on the couple's specific credits etc. This excludes monthly Child Benefit and quarterly Early Childcare Supplement payments. The repayments on a €700K loan over 35 years should be about €3,500 excluding mortgage interest relief and insurances. Sounds like there should be c. €2,300 p.m. spare for living and other expenses. Would be worth posting a more detailed monthly/annual household budget/expenditure details.What is your monthly take home pay & how much are your mortgage payments each month?
Would you consider selling the home and buying another home of approximate value €1m and living rent and mortgage free for the next few years?
God forbid the poor soul who would have to do similar work for you.I think the simpliest solution is to get an au pair. A friend of mine did this for about two years - they normally get a salary of about €90 per week, but get full boarding in your home.
I would imagine on such an expensive house you have a spare room
Au pairs also do the cleaning and stuff like that, so it's unbelievable value.
That's about €425. If my calculations above are roughly accurate that still leaves about €1,800 p.m. (excluding CB and Early Childcare Supplement payments) for other stuff such as...As for fixed expenditure a month - there isnt much slack here but here goes;
Health insurance - €117 a month
Life insurance - €135 a month
Critical illness (husband) - €44 a month (illness in his family hence the need and possibly high level)
Broadband and phone - €56
Standard Life policy - €13 (existing long standing policy)
Mobiles - average €40 - €60 a month (I'm moving to pay as you go)
You need to clarify your incomings/outgoings and budget in even more detail. While you have a a big mortgage at the moment I cannot see why you should be struggling in terms of cashflow.food, gas and electric on top of this. Few bottles of wine but talking two a week and I ain't talking high brow stuff around the tenner mark. Neither of us big shoppers or fashion addicts so very little on clothes or personal looks.
I think this is premature since as I said above I can't see from the details posted so far how you can be hard pressed on the cashflow front. Can you explain in more detail why this seems to be the case - i.e. clarify precisely your net income, other income (e.g. Child Benefit and Early Childcare Supplement payments) and outgoings? A simple but detailed list of monthly or annual incomings and outgoings is all that's needed.How much additional revenue roughly would I need to bring in do you think to get me into a better position?
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