Age: 32
Spouse’s/Partner's age: 35
Annual gross income from employment or profession: 58,000
Annual gross income of spouse: 18,000
Type of employment: Private Sector.
In general are you:
(b) saver. definitely.
Rough estimate of value of home:
Have no bought house or investment property.
Currently renting (770 per month including electricity)
Other borrowings – No loans
Do you pay off your full credit card balance each month? Yes
Savings and investments:
Rabo saving ac: 100,000
BOI Dual saver: 8,000
Overseas savings ac: 20,000
128,000 total savings
Do you have a pension scheme? Yes. I pay 1000 per month. Employer 110 per month. Estimated current total of Pension Fund = 55,000
Do you own any investment or other property? No
Ages of children: None
Life insurance: None
Right. Luckily I did not get involved with the housing boom. Generally speaking for myself, I don't believe now is a good time to buy a house. However I would like in the future to own a house. But not at the cost of negative equity etc. In terms of timelines I don't thing I be going into the market for 5 year. I will want to see both the economy and house prices stabilise at affordable levels. So what to do...
I would like to keep up my saving habits. However I do sometimes feel that I'm not getting the most out of them and occasionally worry of their safety despite the bank guarantee. Should I invest a portion of my savings? I would like to use my savings eventually to help pay for a house and make the mortgage life and/or mortgage amount as low as possible. I'm kind of risk adverse with long term loans/mortgages. So what do you think I should do?
BTW I enjoy life to the full and don't take life too serious. I'm passionate about life outside of work and enjoy playing sport. I spend money but not frivolously I guess.
Thanks Guys
Spouse’s/Partner's age: 35
Annual gross income from employment or profession: 58,000
Annual gross income of spouse: 18,000
Type of employment: Private Sector.
In general are you:
(b) saver. definitely.
Rough estimate of value of home:
Have no bought house or investment property.
Currently renting (770 per month including electricity)
Other borrowings – No loans
Do you pay off your full credit card balance each month? Yes
Savings and investments:
Rabo saving ac: 100,000
BOI Dual saver: 8,000
Overseas savings ac: 20,000
128,000 total savings
Do you have a pension scheme? Yes. I pay 1000 per month. Employer 110 per month. Estimated current total of Pension Fund = 55,000
Do you own any investment or other property? No
Ages of children: None
Life insurance: None
Right. Luckily I did not get involved with the housing boom. Generally speaking for myself, I don't believe now is a good time to buy a house. However I would like in the future to own a house. But not at the cost of negative equity etc. In terms of timelines I don't thing I be going into the market for 5 year. I will want to see both the economy and house prices stabilise at affordable levels. So what to do...
I would like to keep up my saving habits. However I do sometimes feel that I'm not getting the most out of them and occasionally worry of their safety despite the bank guarantee. Should I invest a portion of my savings? I would like to use my savings eventually to help pay for a house and make the mortgage life and/or mortgage amount as low as possible. I'm kind of risk adverse with long term loans/mortgages. So what do you think I should do?
BTW I enjoy life to the full and don't take life too serious. I'm passionate about life outside of work and enjoy playing sport. I spend money but not frivolously I guess.
Thanks Guys