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Advice required
FunLovinCriminal
Posts: 491 Forumite
Morning All
Just some friendly advice required.
OH and I and Baby FLC are in this current situation:
Mortgage: £101,000 - 2.59% interest fixed for two more years
ISA: £7,000 1.49% tax free
TSB 5% interest account: £1,000
We are currently planning to add a brother or a sister for baby FLC.
My job is uncertain though - likelihood is a choice to take £180 per month pay cut - with a lump some of around £5500 (two years of pay difference)
Or redundancy.
What do you think I should be doing with the money saved? OP? Likelihood is I will need a new car in the next 12 months.
Any advice is gratefully received!
Just some friendly advice required.
OH and I and Baby FLC are in this current situation:
Mortgage: £101,000 - 2.59% interest fixed for two more years
ISA: £7,000 1.49% tax free
TSB 5% interest account: £1,000
We are currently planning to add a brother or a sister for baby FLC.
My job is uncertain though - likelihood is a choice to take £180 per month pay cut - with a lump some of around £5500 (two years of pay difference)
Or redundancy.
What do you think I should be doing with the money saved? OP? Likelihood is I will need a new car in the next 12 months.
Any advice is gratefully received!
Mortgage: 01/02/14 - £108k
Mortgage: Current - £97k
Mission: MF by 50
Mortgage: Current - £97k
Mission: MF by 50
0
Comments
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Im no expert but with only 8k saved id keep it maby pay 5k of if you can when/if you get the lump sum
You'll still have 8k as a back up :] for car new baby ect ect
Good luckMortgage--- [STRIKE]£67700 March 15[/STRIKE] [STRIKE]£65221 April 15[/STRIKE] [STRIKE]£64983 July 15[/STRIKE] [STRIKE]£64780 sept 15[/STRIKE] Remortgage [STRIKE]£67295 oct 15[/STRIKE] [STRIKE]£66599 Nov 15[/STRIKE] [STRIKE]£65878.73 Dec 15[/STRIKE][STRIKE] £64834 1st Jan 16[/STRIKE] [STRIKE]Feb 16 £64,511.89[/STRIKE][STRIKE] March 16 £64,056.40[/STRIKE] [STRIKE]April 16 £62550[/STRIKE] [STRIKE]May 16 £62,396.20[/STRIKE] Feb 17 £60.800
Emergency fund 23k0
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