U
Ukjennad
Guest
Age: 27
Annual gross income from employment or profession: €22,000
Type of employment: Admin permanent job
In general are you:
(a) spending more than you earn, or
(b) saving?
Recently was left go after 3 years ( No redundancy on Contract) was lucky enough to find another job straight away which is permanent but I went from a Salary of 31K to 22K
Rough estimate of value of home: €220,000
Amount outstanding on your mortgage: €265,000
What interest rate are you paying? .8% over the ECB
No Longer living in the house as me and my partner separated he is now renting a room and paying the rest ( happy to do this for now) but with the Hike in the ECB might ask me to contribute.
Other borrowings – car loans/personal loans etc:
Bank Loan 8K - 79 a week 2 years left
Car Loan 6K- 78 a week 2 years left
Overdraft 1100 - 30 a Quarter
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? 1800
125 a month ( Halifax monthly bill since they closed ) THis was 5k have brought it down in the last 4 months.
Savings and investments: Nothing left was out of work last year for 5 months went through my savings keeping up with my Loan repayments
Do you have a pension scheme? No
Do you own any investment or other property? No
Ages of children: N/A
Life insurance: Yes
What specific question do you have or what issues are of concern to you?
I really just need some advise, Im back living at home after I separate from my ex last year. Everything was fine until I took a 9k Pay cut and now im struggling. Im not really left with anything any week to save. As im not likely to get a pay rise It could stay like this for 2 years until my 2 loans are gone. Should I ask my bank to consolidate my loans back over 5 years to give me some extra money so I can finally move out of my parents and save or should I just live like as I am no extra money for the next two years and struggle but be debt free in 2013?
Any suggestions is really appreciated.
Annual gross income from employment or profession: €22,000
Type of employment: Admin permanent job
In general are you:
(a) spending more than you earn, or
(b) saving?
Recently was left go after 3 years ( No redundancy on Contract) was lucky enough to find another job straight away which is permanent but I went from a Salary of 31K to 22K
Rough estimate of value of home: €220,000
Amount outstanding on your mortgage: €265,000
What interest rate are you paying? .8% over the ECB
No Longer living in the house as me and my partner separated he is now renting a room and paying the rest ( happy to do this for now) but with the Hike in the ECB might ask me to contribute.
Other borrowings – car loans/personal loans etc:
Bank Loan 8K - 79 a week 2 years left
Car Loan 6K- 78 a week 2 years left
Overdraft 1100 - 30 a Quarter
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? 1800
125 a month ( Halifax monthly bill since they closed ) THis was 5k have brought it down in the last 4 months.
Savings and investments: Nothing left was out of work last year for 5 months went through my savings keeping up with my Loan repayments
Do you have a pension scheme? No
Do you own any investment or other property? No
Ages of children: N/A
Life insurance: Yes
What specific question do you have or what issues are of concern to you?
I really just need some advise, Im back living at home after I separate from my ex last year. Everything was fine until I took a 9k Pay cut and now im struggling. Im not really left with anything any week to save. As im not likely to get a pay rise It could stay like this for 2 years until my 2 loans are gone. Should I ask my bank to consolidate my loans back over 5 years to give me some extra money so I can finally move out of my parents and save or should I just live like as I am no extra money for the next two years and struggle but be debt free in 2013?
Any suggestions is really appreciated.