Sunday 11 December 2016

Case study: Jennifer Byrne

Published 15/10/2015 | 02:30

Careful: Jennifer Byrne and her family
Careful: Jennifer Byrne and her family

Like a lot of people scarred by the financial storm that hit this country seven years ago, Jennifer says her family is careful about running up debts.

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She and her husband David have a mortgage, but no other debts.

The couple has three children - Stephen (16), Ross (12) and Cian (8).

Saving money is important.

The Byrnes, who live in Portmarnock in North County Dublin, recently switched health-insurance policies from the VHI to Laya to reduce the cost.

The move saved almost €1,000 on the family premium by opting for Laya's Flex 175, and giving up the VHI's Nurses Plan Select.

The total cost is now just over €2,000, which includes free cover for two of the children. Mr Byrne works in the motor trade as technical manager for Mercedes.

And Mrs Byrne works part-time for her brother-in-law - who is also in the motor business.

They both drive Mercedes cars.

"It is a perk of the job, and it is just as well as I operate mum's taxi," Mrs Byrne jokes.

The cost of kitting out the children for the recent return to school hit the family hard.

"It is important to keep a lid on spending. We don't run up debts. It is still very frightening times for everyone," she says.

The Byrne family only take a holiday every second year.

Irish Independent

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