When Holly Cairns claimed during her opening address to the Dáil as the new leader of the Social Democrats that she comes from the first generation that will be financially worse off than its parents, spats ensued on social media between baby boomers recalling the economic hardships of the 1970s and 1980s and younger generations who face
“Want to go halves on a mortgage?” This tongue-in-cheek pick-up line on dating apps from millennials sums up a property market so unaffordable that house prices are now almost eight times the average salary. A desperation among millennials to escape stratospheric rents meant the number of first-time buyers drawing down mortgages soared last year to levels last
"I rent out a small self-contained flat under the rent-a-room scheme. Since last July, I have accommodated two Ukrainian refugees in my house for which I receive €400 a month, increasing to €800 a month from this month. This will bring me over the limit of €14,000 for the year. The Government says the income
Building wealth in 2023 and beyond - Starting with savings To weather life's ups and downs, including a recession or job loss, a healthy savings account is critical as this will provide support if you get laid off, your self-employment income takes a sudden dip, or a major expense pops up. Saving money is also
HUNDREDS of thousands of workers are set to benefit from a new pension scheme that has been finally agreed on by the Government. The much-delayed auto-enrolment scheme is expected to be introduced in the year after next. It has been decades since the idea for such a scheme was first mooted. Close to one million
More than a million KBC and Ulster Bank customers face chaos as they try to switch accounts while the two institutions leave Ireland. People seeking a new bank are being blocked from opening a credit card account and getting an overdraft facility. The Central Bank has been urged to “get its finger out” and do more to stop the
Article by Sarah Collins Irish Independent 25th November 2021 Lenders will be able to take part in the government’s shared equity home buying scheme, despite a Central Bank fear that it could push up house prices. In its second financial stability review of 2021, the Bank said it would amend its mortgage measures to clarify
Rent family home and keep the cash in new Fair Deal revamp. Housing Minister Darragh O'Brien announces that income raised from family homes being rented out while their owner is in nursing home care will be exempt from contributions to the State’s Fair Deal scheme under soon-to-be-revealed plans. Irish Independent Article by Philip Ryan 27th
De-clutter, update and keep paperwork easily accessible. Develop a joint budget that realistically reflects day-to-day spending and big-ticket purchases and review it regularly. Evaluate if moving assets into joint ownership is the better option. List all debts and set a goal to pay them off and schedule time to re-evaluate. Evaluate
