Hi all,
The Xmas is over and the New Year beckoning so I sat down to do some financial sums. I'd appreciate your views on what to do next.
First - I totted up all my monthly outgoings for which I don't already have a direct debit/standing order and I've decided to put aside a monthly amount to cover these - approx 250 euro, phone, electricity, car tax, car insurance, home insurance, mortgage protection insurance etc
Second - I deducted all the outgoings from the incomings and have approx 1000 euro monthly to save
I own a house on which I have a mortgage of approx 240,000 currently, required monthly repayments of approx 1200 and I'm paying in 1800 monthly so expect to pay back quite quickly.
I have been quoted 3000 gross/annum to ensure retiring on full pension at age 60 and this is a defined benefit scheme.
Am also currently paying full amount into SSIA. No other loans, other than mortgage.
So, should I be paying back the extra on the mortgage? Should I take up the pension offer? Would an AVC be better? We have an income protection scheme that pays 75% of pre disability income until retirement in the event of some disability/illness - cost is approx 1% of gross salary annually - should I take this up - no dependents.
Finally, where does a normal, decent lad who is financially secure meet a normal, decent woman? - answers on cupid's arrow please ;-)
The Xmas is over and the New Year beckoning so I sat down to do some financial sums. I'd appreciate your views on what to do next.
First - I totted up all my monthly outgoings for which I don't already have a direct debit/standing order and I've decided to put aside a monthly amount to cover these - approx 250 euro, phone, electricity, car tax, car insurance, home insurance, mortgage protection insurance etc
Second - I deducted all the outgoings from the incomings and have approx 1000 euro monthly to save
I own a house on which I have a mortgage of approx 240,000 currently, required monthly repayments of approx 1200 and I'm paying in 1800 monthly so expect to pay back quite quickly.
I have been quoted 3000 gross/annum to ensure retiring on full pension at age 60 and this is a defined benefit scheme.
Am also currently paying full amount into SSIA. No other loans, other than mortgage.
So, should I be paying back the extra on the mortgage? Should I take up the pension offer? Would an AVC be better? We have an income protection scheme that pays 75% of pre disability income until retirement in the event of some disability/illness - cost is approx 1% of gross salary annually - should I take this up - no dependents.
Finally, where does a normal, decent lad who is financially secure meet a normal, decent woman? - answers on cupid's arrow please ;-)