Age: 40 Spouse’s/Partner's age: 34 Annual gross income from employment or profession: 67,000 Annual gross income of spouse: N/A Monthly take-home pay 3,100 euro Type of employment: e.g. Civil Servant, self-employed –yes in private sector In general are you: (a) spending more than you earn, or (b) saving? I am saving €1k a month Rough estimate of value of home- €295k Amount outstanding on your mortgage: €150k What interest rate are you paying? 3.1% variable Other borrowings – car loans/personal loans etc –no borrowings Do you pay off your full credit card balance each month? Yes paid in full each month If not, what is the balance on your credit card? Savings and investments: Circa €23k in savings; €30k in shares Do you have a pension scheme? Yes-with my job in the private sector Do you own any investment or other property? No Ages of children: No Life insurance: Need to sort this out as have none currently What specific question do you have or what issues are of concern to you? Should I save for a house or invest in equities? Personal situation as follows: Outgoings: I am currently letting out my only property to relatives at a discount-personal circumstances have lead to this. There is no quick way this would change over the next few years. My relatives pay me an amount that covers bulk of my mortgage payments. My net outflow on a monthly basis for the mortgage is €150. I also need to pay the yearly mgt fees for this property. I pay rent of €600 monthly and live with my spouse. My spouse is not in a position to earn an income currently. Savings: I am saving €1,000 each month and have savings of €23,000. I would like to buy a small property for circa €300k, perhaps in 12-18 months. Scenario in 12 months could be: €35k in savings, €30k from sale of shares and €15k from my parents for a deposit of €80k. This would leave me with very little buffer. I could also wait 18 months to build up a larger deposit. The downside is that the small property would not be my preferred home, merely somewhere to live till my spouse is able to earn an income. This is likely to be in the next 3 years. My question is should I continue to save as I have done and look to buy a small property to get us out of the rental rut… Or should we hold out for three years when we have better purchasing power with two incomes and in a stronger position to buy our long term home. The savings could be invested into equities for the next few years if this option is pursued. Any thoughts appreciated.