You are not alone, this may help
Cost of Living can be defined as the amount of money required to purchase necessary products and services to sustain a minimal level of life. This covers costs for things like accommodation, food, transportation, medical care, and utilities. Depending on the locale, the Cost of Living can vary, with cities and urban areas typically having a greater Cost of Living than rural areas.
The average Cost of Living can fluctuate over time due to factors like inflation and the economy. Since most people work to balance their spending with their income and savings, their Cost of Living plays a significant role in their financial planning and decision-making.
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FAQ
- What are the factors to be considered before borrowing?
- How will I start budgeting for the family?
- I have questions about savings and deposit accounts
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How will I start saving for my child’s future when we are preparing for a new baby?
Start saving for your child’s future today with the AIB Online Savers Account. If you’re an AIB customer then you can set it up in minutes through the Mobile Banking App or Internet Banking.
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How do I manage and pay my bills through an AIB account?
You can manage your bills through mobile banking, internet banking, tablet banking and/or in your branch. Click here for more details.
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What should I do if I can’t pay my arrears?
- If you’ve missed a payment, you should repay your arrears as soon as you can. If you can’t pay back your arrears, you should take action straight away.
- For mortgage arrears, call us on 0818 251 008
- For loans, call us on 01 772 5714
- For credit cards, call us on 01 668 5500.
- If you call us, we promise to listen, be open-minded and not to judge. Our people have helped thousands of customers to get their finances back on track. We can also give you contact details for third party advisors that can give independent advice. You may have to fill out a Standard Financial Statement. Learn more about our SFS and MARP process or read our MARP booklet.
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What is an online notice deposit account?
Online notice deposit account requires seven days’ notice to access your funds, making you less likely to make withdrawals. There’s no minimum opening balance required and it’s all online so you can easily check your balance every time you log into your account. Click here to learn more.
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What support is available from the government to deal with the Cost of Living crisis?
Department of social protection has announced various policies to support us in the Cost of Living crisis. Click here to read more about the various support offered by the government.
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Is renting a room in my house tax-free?
The rent-a-room relief lets you earn up to €14,000 per year tax-free if you rent out a room (or rooms) in your home to private tenants. Check out Renting out a room in your home (citizensinformation.ie) to learn about the terms and conditions.
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