N
NoMon,Nofun
Guest
Age: 40
Spouse’s/Partner's age: 39
Annual gross income from employment or profession: €40,000 - losing job
Annual gross income of spouse: €21,000 (part-time)
Type of employment: Private Sector, Spouse Public Sector
Breaking even at present
Rough estimate of value of home: €290,000
Amount outstanding on your mortgage: €230,000
What interest rate are you paying? Tracker IL & P, not sure of rate. Works out at €1150 / monthOther borrowings - none. No car loan, personal loans
Do you pay off your full credit card balance each month? No, but never a huge balance
If not, what is the balance on your credit card? €500 - will be cleared soon
Savings and investments: €19k
Do you have a pension scheme? No
Do you own any investment or other property? No
Ages of child: 4
Life insurance: €100
Other bills
Car - no loan, but have to tax & run it. Not used for work, so can minimise use.
Mobile Phone - we both use pay as you go for text only
VHI: €160 / month
TV UPC (Broadband / phone / basic TV package): €55 per month (intro rate)
TV Licence - paid until July 2011
Grocery Shopping : €400 per month - we could probably do a bit better
Travel: €60 - spouse / per month (train)
Bord Gais Electricity: approx €40.00 per month
Gas: Used for heating & cooking, so €40.00 per month, rising in winter. We will be going onto the payment plan with Bord Gais for the big winter bills.
We have a fund for paying house & car insurance, as well as taxing the car for 6 months (approx €1200 in total). These due in September - October.
What specific question do you have or what issues are of concern to you?
I am being laid off in September (2nd time in 18 months), our house hold income will drop by approx €800/month to €2350. MY wife is currently working part time in the public sector and, for various reasons, cannot go full time. Taking our current mortgage and bills out of it and feeding ourselves, we are left with very little, I reckon approx €250 / month. We will be seeing the bank about a moratorium / interest only on the mortgage, as well as trying to suspend our health insurance. We are reluctant to dig into savings as we see ourselves emigrating - the country is only going one way (in my field at least). This is without spending anything on clothes or personal items what so ever.
Would like to see others opinions about how / if we can sweat it out. Will be a miserable existence, but trying to stayed positive and focussed at the positives in life as well.
Spouse’s/Partner's age: 39
Annual gross income from employment or profession: €40,000 - losing job
Annual gross income of spouse: €21,000 (part-time)
Type of employment: Private Sector, Spouse Public Sector
Breaking even at present
Rough estimate of value of home: €290,000
Amount outstanding on your mortgage: €230,000
What interest rate are you paying? Tracker IL & P, not sure of rate. Works out at €1150 / monthOther borrowings - none. No car loan, personal loans
Do you pay off your full credit card balance each month? No, but never a huge balance
If not, what is the balance on your credit card? €500 - will be cleared soon
Savings and investments: €19k
Do you have a pension scheme? No
Do you own any investment or other property? No
Ages of child: 4
Life insurance: €100
Other bills
Car - no loan, but have to tax & run it. Not used for work, so can minimise use.
Mobile Phone - we both use pay as you go for text only
VHI: €160 / month
TV UPC (Broadband / phone / basic TV package): €55 per month (intro rate)
TV Licence - paid until July 2011
Grocery Shopping : €400 per month - we could probably do a bit better
Travel: €60 - spouse / per month (train)
Bord Gais Electricity: approx €40.00 per month
Gas: Used for heating & cooking, so €40.00 per month, rising in winter. We will be going onto the payment plan with Bord Gais for the big winter bills.
We have a fund for paying house & car insurance, as well as taxing the car for 6 months (approx €1200 in total). These due in September - October.
What specific question do you have or what issues are of concern to you?
I am being laid off in September (2nd time in 18 months), our house hold income will drop by approx €800/month to €2350. MY wife is currently working part time in the public sector and, for various reasons, cannot go full time. Taking our current mortgage and bills out of it and feeding ourselves, we are left with very little, I reckon approx €250 / month. We will be seeing the bank about a moratorium / interest only on the mortgage, as well as trying to suspend our health insurance. We are reluctant to dig into savings as we see ourselves emigrating - the country is only going one way (in my field at least). This is without spending anything on clothes or personal items what so ever.
Would like to see others opinions about how / if we can sweat it out. Will be a miserable existence, but trying to stayed positive and focussed at the positives in life as well.
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