Make Me Richer: it's all in the money
Published 30/06/2014 | 02:30
It’s time to check your finances and see where you can make the savings
Our couple are both 39 years old and neither smoke. They are pricing up mortgage protection for a loan of €200,000 over 25 years.
If either of them passes away during that time, the outstanding mortgage is cleared.
But how much can they save if they shop around instead of taking the first policy offered by their mortgage lender?
Best: €23.98 a month, Caledonian Life via Low.ie
Avoid: €35.35 per month, Irish Life
Save: €136.44 a year/€3,411 over the policy.
Elsewhere, we have another couple who are ringing around for a new house insurance policy. Both aged 67, they live in a home in Dunmore East, Co Waterford, which is worth €280,000. They have a standard alarm and have not made an insurance claim in the last five years, so they should get a relatively good deal.
The policy includes buildings cover of €200,000, €40,000 contents cover, and a €300 excess.
Best: €208 Chrome
Avoid: €480.04 Axa
Driving a Range Rover is already hitting many motorists in the pocket, especially when it comes to filling it up with fuel. We're guessing that might not be too much of a problem for our |62-year-old dentist from Co Cork, whose 2008 car is worth €28,000. But what’s the best deal he can get for fully comprehensive car insurance? He has no points on his driver’s licence and no claims, his policy is bonus protected. The excess is €300.
Best: €481.23 Allianz
Avoid: €631.58 Axa
Or maybe you haven’t quite managed to save enough for that little run around you’ve set your heart on, so you’re going to chance your arm and try and get a loan? Obviously you’ll have to have all your financial affairs in order before you even attempt to approach a lender. But if you were granted one, how much would you repay on a €5,000 loan over 36 months (variable rate), according to bonkers.ie?
Best: €5,887.43 Bank of Ireland
Avoid: €6,103.16 Permanent tsb