Age
Me: 29
Spouse: 28
Employment
Me: treasury operator
Spouse: recruitment consultant
Gross Income
Me: 32k
Spouse 44k+bonus (another 30k now before it was higher)
Property
Family home: worth 290k, 310k fixed mortgage with EBS @ 4.80 , 27 years left on mortgage
with the interest relief taking into account our mortgage is 1,250 per month.Other Borrowings: None. 2 credit card paid in full each month
Savings
11k in AIB saving account
14k in Bank of Ireland Saving Account
5k shares
13 K Irish Life Fund
5k built up between our two current accounts
right now we are saving around 2,000 per month
Pension: Me: No Spouse: yes
Kids: Yes , 1 daughter 2yrs old
Life Insurance: Just mortgage protection policy
Spender or Saver: Savers
My Question/s:
Three years ago we bought an apartment, with our daughter getting older we would like to move in the next 5 years. With house prices falling I'm worried that in five years things will be worse for us.
We would like to keep the apt as an investment as it's 2 miles from the city centre (Dublin) and eventually our daughter will have it.
We are being very carefull with money, no phone bill, no internet, tv basic package, one old car, we bring our lunch to work, my husband cycle to work..
I'm just worried in general. Just would like to know what you think.
Thanks
Me: 29
Spouse: 28
Employment
Me: treasury operator
Spouse: recruitment consultant
Gross Income
Me: 32k
Spouse 44k+bonus (another 30k now before it was higher)
Property
Family home: worth 290k, 310k fixed mortgage with EBS @ 4.80 , 27 years left on mortgage
with the interest relief taking into account our mortgage is 1,250 per month.Other Borrowings: None. 2 credit card paid in full each month
Savings
11k in AIB saving account
14k in Bank of Ireland Saving Account
5k shares
13 K Irish Life Fund
5k built up between our two current accounts
right now we are saving around 2,000 per month
Pension: Me: No Spouse: yes
Kids: Yes , 1 daughter 2yrs old
Life Insurance: Just mortgage protection policy
Spender or Saver: Savers
My Question/s:
Three years ago we bought an apartment, with our daughter getting older we would like to move in the next 5 years. With house prices falling I'm worried that in five years things will be worse for us.
We would like to keep the apt as an investment as it's 2 miles from the city centre (Dublin) and eventually our daughter will have it.
We are being very carefull with money, no phone bill, no internet, tv basic package, one old car, we bring our lunch to work, my husband cycle to work..
I'm just worried in general. Just would like to know what you think.
Thanks