Assessment of financial framework

2017-02-01 10:27:03

I would still say that we should close the topic of child benefit here now.

I also have an additional DispoPlus account with a current credit limit of €13,000, interest rate currently 3.99%. This could be used as an absolute last resort if it gets tight at the end.

Two small €10,000 home savings contracts for the employer's capital formation benefits are also still available. There should currently be around €3,500 and €2,500 in them. My Riester contract can probably also be counted as equity.

The inheritance will be in the range of €18,000–22,000

That reads as if you want to deliberately run yourself dry financially.
There are things you just don’t include, besides the controversial topic of child benefit, it’s the expensive overdraft!
If it doesn’t work out mathematically without them, the house building topic should be put on hold a bit.

Edit: inheritance belongs to that too!

2017-02-01 10:44:10

Child benefit is usually considered as sustainable income for the period of receipt. On the other hand, living expenses are calculated with one more person according to the flat rate.

So nothing remains from it either way.

2017-02-01 11:22:50

I don't really know how the parental allowance is calculated or the resumption of the job according to the new guidelines. It might get tight at this point during the parental leave period.

2017-02-01 11:43:14

When we applied for our financing, I was still on parental leave. We were clearly told that it didn’t matter at all that I would return to work in a month, we would not get a loan. The status quo was stubbornly taken. Then we went back 2 months later and it was possible. Apparently some banks are a bit sensitive about that. But it may also be because I am the main earner.

2017-02-01 11:47:00

Edit: Inheritance is included too!

A paid-out inheritance can of course be considered equity.

My post was intended to refer to distant, not yet liquidated inheritance.

2017-02-01 11:48:24

So now seriously:

If you’re not supposed to build with this income anymore, then almost no one is allowed to build.
Sure, saving up a bit of equity helps, but that can be done super quickly in 2 years.

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Assessment of financial framework

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