Saturday July 4, 2020

Ask the Money Doctor: John Lowe on family finance

Take care if you protect your income

30th March, 2014

Question: I have applied for a €10,000 loan to pay off a few small debts, as well as for minor home improvements and a holiday. Although I am in a secure job and I have some savings, recent news stories of redundancies have made me nervous. I am now considering taking out payment protection insurance on the loan. My savings are equivalent to five months' salary. Do I need this cover?

James, Longford

**Answer:** The...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 6 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago