Danielle24
Registered User
- Messages
- 209
Hey guys,
I know i've started a few threads here, but the advice I get is always useful.
Any advice greatly appreciated
Wages - €2115 pm GROSS or NET??
Bills:
Rent - €400 pm ( I am looking to move closer to work though to save on petrol/rent causes)
AIB - €4118.68 - €134pm
Credit Union - €1938.63 - €200pm (€500 in savings)
R&S - €1720 - €50pm
Overdraft - €650 - Have to start clearing this
CAR - €2055 - €180 pm
So you have 5 loans / debts??? What does R & S mean? Do you know the interest rates on the loans?
PS How can anybody have 5 loans?? I am amazed.
Savings:
Shares - Due to mature January all going according to plan should get about 5/6k back
Expenses:
ESB - Average €50 pm
I pay 35-45 pm for a 4-bed detached house - yours seems a bit high??
Bins - €23.50 pm
This is crazy, crazy. Can you give more details?
Any advice greatly appreciated
My bins are €25pm (gross of tax relief) so I must be crazy, crazy too.
My advice is pay off your loans, starting with the one with the highest interest rate. Keep a spending diary, you look to have a good bit of money unbudgeted so throw that at the loans. Once they are clear you can save the amount you were paying towards the loans.
Hi, well, the first thing is that I am glad to hear that you have put your travelling plans on the backburner for now. I think they should stay there for another while until you get all that sorted out.
I think this was suggested to you on the other thread but have you started to do a spending diary? It would give you an idea of where every penny is going and from there you can see where you overspend.
Could you take up a second job for a few months? in the evenings? week ends? The idea may not excite you but it will allow to have a little more money to pay off some of your debt, also you would have less time to spend it!
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From your thread, there is one thing that came across. You seem to be relying on those shares due to mature next year. Next year...? that is a long time away and you should not rely on them. When the time comes and IF that is the amount you get, it should be a bonus and no be already accounted for so I would forget about that for now...
I did post a reply on your last thread and I do hope that alongside all the advice you got (from some quite angry people, and I could completely understand where they were coming from!!!) you did get something out of it.
If people have a criticism to make i'm perfectly open to listening to it, but there's no need to be rude and offensive.
What!? How was Mongolas comment that you highlighted either rude or offensive?
What has changed? There doesn't seem to be much change in your income and expenses compared with last time....A few things have changed for me aswell so would be no harm to make a few changes. ...
Sell them, pay any CGT due and use the remainder to pay off as much of your remaining debt as possible.I will also have some shares maturing in the next few months so advice on what to with them would be lovely.
Perhaps I was too brusque. Sorry.
It's just that I pay maybe 10 per month for the large 240L wheelie bin to be lifted once per month (two people).
What has changed? There doesn't seem to be much change in your income and expenses compared with last time.Sell them, pay any CGT due and use the remainder to pay off as much of your remaining debt as possible.
How long have you got to save for college? Will you be working while at college and do you have to save up for living expenses or just fees?
Working full time i'd have to pay part of the fees by September but they give you until around January to pay the remainder, just fees.
Ok, so say you have to pay half in Sept, you have five months to get €1500 saved, so you need to be budgeting at least €300 a month. Actually more as you have to pay the remaining €1500 in three months, so really you need to be saving closer to €400pm. That's pretty tight given your other debts, as you haven't included lots of stuff in your budgeting. Although depending on how safe your shares are you could use them to pay off the second tranche of fees.
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