W
worriedwife
Guest
Age: 30
Spouse’s/Partner's age: 36
Annual gross income from employment or profession: € 40,000 approx
Annual gross income of spouse: unemployed
Type of employment: e.g. Civil Servant, self-employed - employee
In general are you:
(a) spending more than you earn, or - Spending more
(b) saving?
Rough estimate of value of home - € 260,000
Amount outstanding on your mortgage: € 300,000
What interest rate are you paying? -
Other borrowings – car loans/personal loans etc
€10000 loan - pay €210 per month will be cleared June 2012
car finance - €7000 left, in arrears by €800. pay €400 per month
MBNA 1 - €2000
MBNA 2 - €9000
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card?
Savings and investments: no
Do you have a pension scheme? yes
Do you own any investment or other property? No
Ages of children: N/A
Life insurance - €86 per month
General outgoings
esb (50 a week),
phones 100 a month
Bin charges - €25 a minth
Sky - €30 a month
House insurance €25
Two car insurances - €90 a month
Petrol - approx €60 a week
Food - approx €70 a week
Animal insurance (needed) - €40 per month
Query
Basically I take home €610 a week, my husband is unemployed and has been refused jsa etc due to my wages so mine is the only wage coming in. We are paying €1200 a month for mortgage €200 of which is towards arrears €5000. Car payment and other outgoings are just getting too much - We are already in minus figures each month and I am constantly missing payments etc as we don't have the money. Basically I am losing control here, we are in debt on credit cards etc due to house renovations 3 yrs ago so paying minimum payments there. Husband has been out of work for a year and I just can't seem to get on top of everything. I have cut out gym memberships/vhi - all additional items but still cannot seem to get on top of the situation and have just missed a mortgage payment. I need suggestions on how to improve our situation?
Spouse’s/Partner's age: 36
Annual gross income from employment or profession: € 40,000 approx
Annual gross income of spouse: unemployed
Type of employment: e.g. Civil Servant, self-employed - employee
In general are you:
(a) spending more than you earn, or - Spending more
(b) saving?
Rough estimate of value of home - € 260,000
Amount outstanding on your mortgage: € 300,000
What interest rate are you paying? -
Other borrowings – car loans/personal loans etc
€10000 loan - pay €210 per month will be cleared June 2012
car finance - €7000 left, in arrears by €800. pay €400 per month
MBNA 1 - €2000
MBNA 2 - €9000
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card?
Savings and investments: no
Do you have a pension scheme? yes
Do you own any investment or other property? No
Ages of children: N/A
Life insurance - €86 per month
General outgoings
esb (50 a week),
phones 100 a month
Bin charges - €25 a minth
Sky - €30 a month
House insurance €25
Two car insurances - €90 a month
Petrol - approx €60 a week
Food - approx €70 a week
Animal insurance (needed) - €40 per month
Query
Basically I take home €610 a week, my husband is unemployed and has been refused jsa etc due to my wages so mine is the only wage coming in. We are paying €1200 a month for mortgage €200 of which is towards arrears €5000. Car payment and other outgoings are just getting too much - We are already in minus figures each month and I am constantly missing payments etc as we don't have the money. Basically I am losing control here, we are in debt on credit cards etc due to house renovations 3 yrs ago so paying minimum payments there. Husband has been out of work for a year and I just can't seem to get on top of everything. I have cut out gym memberships/vhi - all additional items but still cannot seem to get on top of the situation and have just missed a mortgage payment. I need suggestions on how to improve our situation?