CharlieWork
Registered User
- Messages
- 2
Age: 39
Spouse’s/Partner's age: 39
Annual gross income from employment or profession: €55k
Annual gross income of spouse: €41k
Monthly take-home pay: ~€5k
Type of employment: Both Public
In general are you:
Saving
Rough estimate of value of home: €370k
Amount outstanding on your mortgage: 0, paid off
What interest rate are you paying? N/A
Other borrowings – car loans/personal loans etc: No
Do you pay off your full credit card balance each month? N/A
If not, what is the balance on your credit card? N/A
Savings and investments: €65k, no investments
Do you have a pension scheme? Have our public service pension in addition to an AVC, which for me is 20%, wife is in at 10%
Do you own any investment or other property? No
Ages of children: 9
Life insurance: Yes
What specific question do you have or what issues are of concern to you?
Hi everyone,
So we have just cleared our mortgage and are thinking about moving in the next couple of years. We are basically looking to move to our dream house/area which means the house would be between €500-560k range and that is quite daunting in and of itself. I've always had an appetite to clear the mortgage and as a result a lot of my financial focus was on that but now that we're done I feel like I'm not sure what to be doing with my money going forward. Is it worth keeping our current house and renting it out? Should I start investing? Is there anything I can do to secure our daughter's future?
Thanks.
Spouse’s/Partner's age: 39
Annual gross income from employment or profession: €55k
Annual gross income of spouse: €41k
Monthly take-home pay: ~€5k
Type of employment: Both Public
In general are you:
Saving
Rough estimate of value of home: €370k
Amount outstanding on your mortgage: 0, paid off
What interest rate are you paying? N/A
Other borrowings – car loans/personal loans etc: No
Do you pay off your full credit card balance each month? N/A
If not, what is the balance on your credit card? N/A
Savings and investments: €65k, no investments
Do you have a pension scheme? Have our public service pension in addition to an AVC, which for me is 20%, wife is in at 10%
Do you own any investment or other property? No
Ages of children: 9
Life insurance: Yes
What specific question do you have or what issues are of concern to you?
Hi everyone,
So we have just cleared our mortgage and are thinking about moving in the next couple of years. We are basically looking to move to our dream house/area which means the house would be between €500-560k range and that is quite daunting in and of itself. I've always had an appetite to clear the mortgage and as a result a lot of my financial focus was on that but now that we're done I feel like I'm not sure what to be doing with my money going forward. Is it worth keeping our current house and renting it out? Should I start investing? Is there anything I can do to secure our daughter's future?
Thanks.