Finance First

A massive thank you to Leo Healy and all the staff at finance first in Saggart village for the extremely generous sponsorship of the 14.2 Sunday team. Leo has sponsored the team from day one and has always made a point of coming to support the team on a regular basis. Thanks for everything 💚🤍⚽️

Admin team busy prepping documents for our financial advisors. It's all in a days work💪

Meetings, Staff training & In-depth discussions are a regular feature here at Finance First🔥


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🔥Here's a TOP TIP regarding saving for your mortgage🔥

As most people are aware - the banks like to see regular savings💶

Some people opt to leave a percentage of their wage unotouched each week, and allow a build up (or "accumulation") of money in their current account🤑

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While this is still a valid method of saving - it's not the most practical way in terms of what the banks like to see (when they're assessing your mortgage)❌️
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Your current account tends to have money going in and out quite often, for items such as;
daily bills,
subscriptions,
groceries,
haircuts,
direct debits,
petrol/diesel/tolls,
clothing
etc... 📉

It can be difficult for the bank to identify🔎 exactly how much you can comfortably save each month 🤯while your balance is continuously fluctuating up⏫️ & down⏬️
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So here's what we recommend (in an ideal world)🤩
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A better approach, is to transfer this money OUT of your current account and INTO a seperate account (that you have designated specifically for saving for your mortgage)✅️

(If you prefer to use a Revolut Vault or pocket, that's also fine, once it's seperate to your day to day spending - but just to note that you won't build any interest on savings if you use a Revolut pocket - we'll stick a link down further regarding how to pick a savings account thats right for you)

In this seperate account, try not to withdraw money⛔️

Decide if you will save weekly/monthly/fortnightly, and transfer your savings **on time** every week/month/fortnight into your seperate account.

Consistently build up⬆️ the balance - try not show the balance going down at all in your savings account, if it can be helped❌👎️

Remember: If you take money out, it looks like you are dipping into your savings & that you are reliant on that money🪙💸⚠️

The objective is to show the mortgage lender that you are capable of managing week-to-week without needing that money✅️🙌

If you can do that, it demonstrates your true saving capabilities & looks great to the underwtiers🤩✅️✅️✅️✅️✅️

That's our top tip💡

🔥FOLLOW US FOR MORE PRACTICAL ADVICE, INFORMATION & TIPS🔥

We are also on Instagram

For information on picking a savings account, follow this link:
https://www.ccpc.ie/consumers/money-tools/regular-savings-comparison/

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Our contact details:
Phone☎️.... 01-626 9708
Email📧 .... [email protected]
PM📲......... Facebook messenger

Or drop into us (by appointment only)✅️
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Finance First Planning & Investments Limited trading as Finance First, The Advice Centre is regulated by the Central Bank of Ireland C422375.

Company Registered Number: 657145.
Registered Address: Unit 11B Slade Castle Court, Saggart, Co. Dublin. Registered in Dublin, Ireland.






Image credit: CentralBank.ie