If you own a mortgage-free home worth €600k in your mid-40s, while maximising your tax-relieved pension contributions, I would suggest that your finances are already in good shape.Can anyone give me any advice in trying to put my finances in order as I fund lately we are spending all of our monthly salaries whereas we should be saving. Thanks
That’s usually something for the very rich and/or bored:1. Do you cook meals from scratch?
If you are putting €22k a year into your pension you are saving lots! Likewise your spouse with a public service pension. This is all a kind of saving.whereas we should be saving.
One thing to note is that if you are getting VHI deducted at payroll you might not be getting the best value deal. Take a bit of time to shop around.Our combined net monthly take home pay is about €5750 but that’s with VHI, property tax and pension taken out.
I expected a retort like this from you.There are some bores on AAM with tips on how to darn your old socks but just ignore them, life is too short.
does it matter? all seems to be in hand, no point in frugality for frugality's sake.I expected a retort like this from you.
The OP is spending money somewhere and the suggestions about keeping a diary of his spending habits is a great start.
Is he cooking his meals from scratch. Are there regular visits to JD Sports. Maybe the nails could be done every second week. Is he driving a petrol guzzler...etc.
My wife told me diesel costs were going up on Monday. Without really thinking, I filled the tank on Sunday (it was just below half full). I saved €1.70.1. Do you cook meals from scratch?
Drop it in the next paper cup you see. Someone else might have a use for it.I saved €1.70.
Nope. None of the above. Both of us work locally and spend about €200 on diesel. The other car is electric so that’s free. I guess I’ll have to drill down on what we’re spending it onAlmost 6k a month for a family of four net of health insurance and with no mortgage or electricity bill does seem quite high? Is there a large childcare cost that is unavoidable until secondary school or large commuting costs or school fees? Otherwise biggest bill should be grocery?
Def do a deep dive. Even if the expenses continue then at least you will be comfortable knowing what you are spending on. Especially if it feels it is all gone every month, how do seasonal things like Christmas and holidays get covered? I have always been better at knowing my spending when I had almost none to spend and had to monitor carefully!Nope. None of the above. Both of us work locally and spend about €200 on diesel. The other car is electric so that’s free. I guess I’ll have to drill down on what we’re spending it on
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